Back to today’s briefing

Story perspectives

Fed's Bowman: Banks Not Seeking Capital Relief Amid Proposals

4/18/2026

40 3 Full Breakdown

Summary

Story summary

Michelle Bowman, Federal Reserve vice chair for supervision, said banks are unlikely to push for capital relief.
The rules would reduce major banks' capital by about 4.8%, down from a 20% hike.
JPMorgan Chase & Co.'s capital is set to increase about 4%.
Jamie Dimon, Chief Executive Officer of JPMorgan Chase & Co., described the proposals as flawed.
The pace of changes may be influenced by the upcoming midterm elections.

1 of 1

Story summary

Michelle Bowman, Federal Reserve vice chair for supervision, said banks are unlikely to push for capital relief.
The rules would reduce major banks' capital by about 4.8%, down from a 20% hike.
JPMorgan Chase & Co.'s capital is set to increase about 4%.
Jamie Dimon, Chief Executive Officer of JPMorgan Chase & Co., described the proposals as flawed.
The pace of changes may be influenced by the upcoming midterm elections.