01:35 PM EDT, 05/01/2024 (MT Newswires) -- (Updates with more details and no immediate comments from the agencies in the second to fifth paragraphs.)

Some key officials at the Federal Reserve and other top US bank regulators are pushing to finalize a rule that would make big banks hold more capital by as soon as August, Bloomberg reported Wednesday, citing people familiar with the matter.

Instead of scrapping the draft plan, as some critics wanted, the officials have decided to make adjustments to the proposal, the report said.

Officials at the Fed, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have yet to finalize the changes to be made and have not agreed on a date for final approval, the report said.

Representatives of the three agencies declined to comment, according to the report.

All three agencies did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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