regulations

A top Federal Reserve official has called for tougher regulations for regional banks, saying on Tuesday that the recently unveiled regulatory proposal for more stringent bank capital requirements don’t go far enough, with the S&P 500 banking index plunging to a one-month low.

A top Federal Reserve official has called for tougher regulations for regional banks, saying on Tuesday that the recently unveiled regulatory proposal for more stringent bank capital requirements don’t go far enough, with the S&P 500 banking index plunging to a one-month low.