US regulators propose sweeping overhaul of bank capital requirements

U.S. regulators have proposed rules to increase capital requirements for the largest banks by 16% on average.
The proposal aims to bolster financial stability by revising how banks assess risk and reserve capital.
Banks with over $100 billion in assets would be impacted the most and have until 2028 to comply.
Critics argue the rules could constrain lending and lead to higher consumer fees.
The overhaul incorporates parts of the Basel III international banking standards.