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The Fed and two other federal regulators are moving toward a plan that would significantly lessen a nearly 20% mandated increase in capital for the biggest U.S. banks, which would be a big win for the banks and Dimon. Banks say the rules as originally proposed would drive up costs and crimp lending.
On Friday, the Fed released calendars for Barr showing he met 15 times with the CEOs of the largest U.S. banks during the same period. He also met with Dimon in April and in May, a Fed spokesman said. “I have not felt bereft of attention from the banking lobby,” Barr said in a statement.
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