Federal Reserve unveils plans to reduce capital rules imposed after 2008 crisis
US central bank proposes lowering ‘supplementary leverage ratio’ after extensive industry lobbying
US central bank proposes lowering ‘supplementary leverage ratio’ after extensive industry lobbying

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

Proposal highlights Trump administration’s push to deregulate financial industry

Changes are expected to make the exercise more transparent for the country’s biggest lenders

Central bank says it will halt quantitative tightening programme amid signs of stress in money markets

Policymakers sparred over decision to cut interest rates earlier in December

Pressure from Donald Trump and concerns over economic growth open schism among central bank’s officials