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Fox News
Fox News
27 Jul 2023


U.S. bank regulators released a proposal Thursday that would direct the nation's largest banks to raise their capital, arguing a larger cushion is needed to ensure stability.

Wall street

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, on Oct. 26, 2020.  (REUTERS/Mike Segar/File Photo)

The proposal, if implemented, would raise capital an aggregate 16% for larger banks, and also apply several stricter rules to banks with over $100 billion in assets. The sweeping plan would overhaul how banks gauge risk in numerous areas, and in turn how much capital they must hold in reserve.