US regulators reconsider capital hike for big banks after CEOs lobby

US regulators reconsider capital hike for big banks after CEOs lobby

FILE PHOTO: A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013. REUTERS/Mike Segar/File Photo

The Federal Reserve and two other U.S. regulators are moving toward a new plan that would significantly reduce a nearly 20% mandated increase in capital for the country’s biggest banks following lobbying efforts by industry CEOs like JPMorgan Chase’s Jamie Dimon, the Wall Street Journal reported on Sunday.