06:07 AM EDT, 05/05/2025 (MT Newswires) -- Michelle Bowman, nominated as the Federal Reserve's top bank regulator, is pushing to review confidential health ratings of large US banks after criticizing last year's results, where most big banks were rated poorly, the Wall Journal said Friday.

The report said that Bowman pointed out a mismatch between banks' actual financial condition and the low ratings they received in a February speech.

The Fed has delayed releasing this year's ratings, typically shared privately by the end of March, possibly to wait until the Senate confirms Bowman for her new role, the Wall Journal said, citing some of the people familiar with the matter.

The delay is unusual, and the ratings may have already gone through several layers of review at the central bank, the report said, adding the ratings impact a bank's ability to do deals and expand.

The Fed has started work on next year's bank ratings, but Bowman is expected to revise how scores are calculated-a move that could face pushback from bank examiners, the Wall Journal reported.

Federal Reserve did not immediately respond to MT Newswires' request for comment.

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