Overview
- Federal Reserve's revised plan cuts proposed capital increase for largest banks from 19% to 9%.
- Banks with assets between $100 billion and $250 billion will largely be exempt from the heightened requirements.
- Changes follow significant lobbying efforts and criticism from both political parties and the banking sector.
- The re-proposal aims to balance safety with economic costs, factoring in feedback from banks and legislators.
- Public commentary on the new proposal is set to continue, with final decisions yet to be made.