Fed

⚡ Wall Street's Capital Relief: Fed Cuts Requirements 4.8%, Freeing Billions for Buybacks

U.S. regulators slashed required bank capital by 4.8% Thursday, rewriting Basel III and the GSIB surcharge in a major win for Goldman, JPMorgan, and other big lenders. The Fed puts freed capital at $20 billion; Barr says $60 billion. Moody's calls it credit negative.