Capital One, PNC and US Bancorp will be free to reduce required capital by billions of dollars after being exempted from rules that forced them to include unrealised losses in their regulatory calculations.
The Federal Reserve passed reforms to bank capital and liquidity rules on October 10, easing certain requirements for banks with assets below $700 billion. One of the changes allows Category III banks, of between $250 billion to $700 billion in size, to exclude accumulated other
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