Top Federal Reserve official promises major overhaul of US bank regulation
New vice-chair for supervision Michelle Bowman says she will seek changes to crucial rule over capital holding levels
New vice-chair for supervision Michelle Bowman says she will seek changes to crucial rule over capital holding levels

US central bank proposes lowering ‘supplementary leverage ratio’ after extensive industry lobbying

Proposal highlights Trump administration’s push to deregulate financial industry

Wall Street cheers plans that would water down protections designed to avoid repeat of 2008 financial crisis

Vice-chair for financial supervision says Trump’s tariffs would have smaller effect on inflation than feared

Trump administration objects to central bank project, alleging mismanagement by chair

New rules will boost lending and profits and entrench American dominance. But critics say they could lead to another crash