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Summary

  • Trump regulators aim to cut red tape, overhaul capital rules
  • Big banks optimistic about flat or falling capital levels
  • Critics warn easing rules could increase financial system risk
WASHINGTON, Oct 2 (Reuters) - As President Donald Trump's regulators revamp bank rules, big lenders expect their capital requirements could fall, in a stunning victory for the industry which faced a big hike under former President Joe Biden, according to senior industry executives.
Aiming to cut red tape that Trump's agency picks say is hurting the U.S. economy, they are working on the most sweeping overhaul of U.S. capital rules since the global financial crisis of 2008.