Fed Revises Bank Capital Requirements After Industry Pushback

New Basel III proposal reduces capital hikes for major banks, addressing concerns over economic impact and lending capabilities.

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.