WSJ: Group of bank regulators appointed by U.S. President Joe Biden is considering new rules which will require big regional banks to add financial cushions that can be used in times of crisis. The new steps include the regional banks raising long-term debt that will help absorb losses in cases of insolvency, the WSJ reported. The report comes over a week after Federal Reserve chief Michael Barr said that there soon may be tougher rules on large regional lenders after a ‘holistic’ review of bank capital requirements is concluded.Read Long Article
