US frees up billions for banks while quietly admitting SVB’s core failure never went away

Washington is in a generous mood with its banks. In March, federal regulators unveiled a sweeping overhaul of capital requirements (the financial cushions that banks must hold to absorb losses in hard times), and the headlines wrote themselves: deregulation, relief, billions freed up for lending and buybacks. The proposal would cut the required capital for The post US frees up billions for banks while quietly admitting SVB’s core failure never went away appeared first on CryptoSlate.