Divided Fed proposes rule to ease capital requirements for big Wall Street banks

the Fed announcing a proposal that was well telegraphed, well expected that does ease some capital requirements for the biggest banks uh in this country. It's responsible for uh the rise that you see there in the big banks over the last uh few weeks really and and today as well. So the details in the proposal effectively reduce capital uh tier one capital requirements by 1.4% uh for the biggest banks.uh they say that would release capital of about $13 billion for those purposes. At their deposiitories uh in ...