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Fed may scale back rule, saving the biggest US banks billions

Image of Federal Reserve Bank Chair Jerome Powell speaking at a House Financial Services Committee hearing.
Photo: Bonnie Cash/Getty Images

The Federal Reserve is considering a rule change that would update the inputs used to calculate large bank systemic scores.

The US Federal Reserve is considering a rule change that would be just what the country’s largest banks have been beseeching regulatory agencies for and that could save them (collectively) billions of dollars in capital, according to Reuters’ discussions with four people having knowledge of the matter.

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