"Big Banks Consider Legal Action Against Fed Over Capital Regulations"

Big banks are considering legal action against the Federal Reserve over proposed rules known as Basel Endgame, which would require them to hold about 20% more capital, potentially impacting profits and lending. Critics argue that the proposed requirements may not be properly calibrated and could push lending into less regulated sectors. The proposal has faced opposition within the government, and Fed Chair Jerome Powell has hinted at potential reworking, but time is limited as the Fed generally avoids announcing overhauls on the eve of a presidential election.