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The Fed on Thursday eased capital and liquidity requirements for domestic U.S. and foreign banks. Reuters reports the requirements were originally introduced following the 2007-2009 global financial crisis. The changes should free up funds for U.S. Bancorp, Capital One, and PNC Financial, among others. It marks another win for the industry after the Fed also relaxed rules on derivatives trades and banks’ annual health checks.
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- Uploaded 10/10/2019
- Business & Finance
