Michael Barr, Vice Chair for Supervision at the Federal Reserve, testifies about recent bank failures during a US Senate Committee on Banking, House and Urban Affairs hearing on Capitol Hill in Washington, DC, on May 18.
Mandatory Credit: Saul Loeb/AFP/Getty Images
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Banks with at least $100 billion in assets could face higher capital limits
Federal Reserve Vice Chair for Supervision Michael Barr said Monday he is proposing stricter bank capital requirements in light of three major US bank failures earlier this year.
