Fed Governor Michelle Bowman urges major banks to back capital rule changes, as JPMorgan Chase and Goldman Sachs continue to push back against the regulatory overhaul.
Federal Reserve Governor Michelle Bowman is calling on major Wall Street banks to support proposed capital rule changes, arguing the current proposals already reduce regulatory requirements. JPMorgan Chase and Goldman Sachs continue to oppose the changes, marking a significant conflict over the largest regulatory overhaul since 2008.
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