US frees up billions for banks while quietly admitting SVB’s core failure never went away
Washington is in a beneficiant temper with its banks. In March, federal regulators unveiled a sweeping overhaul of capital necessities (the monetary cushions that banks should maintain to soak up losses in laborious occasions), and the headlines wrote themselves: deregulation, aid, billions freed up for lending and buybacks. The proposal would minimize the required capital…
