Federal Reserve Floats Weaker Version of Bank-Capital Revamp (1)

The Federal Reserve has shown other US regulators a three-page document of possible changes to their bank-capital overhaul that would significantly lighten the load on Wall Street lenders, according to people familiar with the matter.

The revisions would walk back key parts of the landmark proposal — including one that might have had a large effect on big banks with sizable trading businesses, said the people, who asked not to be identified discussing details that aren’t public.

The Fed document doesn’t include an updated estimate on how much additional capital that large banks would have ...