Fed’s Bowman Cautions Wall Street CEOs Against Capital Gripes

The Federal Reserve’s top bank cop recently told Wall Street leaders to support capital plans that are widely seen as a win for industry and stop asking for carve outs.

Instead, some big banks have continued to slam the proposals and call for more changes.

Fed Vice Chair for Supervision Michelle Bowman in early April met in Washington with chief executive officers from the likes of JPMorgan Chase & Co. and Goldman Sachs Group Inc., and urged officials to consider the overall effect of the capital proposals which will reduce industry requirements as a whole, according to people ...