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Bank stocks gain after report about lighter capital requirements

Speculation about easier Basel III endgame regulations from the US Federal Reserve lifts bank stocks

Bank regulators are reportedly circulating a lightened version of the so-called Basel III endgame capital requirements
Bank regulators are reportedly circulating a lightened version of the so-called Basel III endgame capital requirements Photo: Getty Images

Bank stocks gained on 24 June after Bloomberg reported that the US Federal Reserve is circulating a lighter version of its proposed capital requirements that have drawn opposition from the industry.

The report said the Federal Reserve is sharing with other regulators a three-page list of potential revisions to the so-called Basel III endgame proposal that has been under study since last year.

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