After the collapse of Silicon Valley Bank (SIVB), the Federal Reserve may close a loophole that allows some midsize banks to mask losses on securities they hold, Andrew Ackerman and Rachel Ensign of The Wall Street Journal reports. This exemption currently allows some banks to boost the amount of capital they report for regulatory purpose, people familiar with the matter told the Journal. If adopted, it would heighten oversight of midsize banks by extending restrictions that currently only apply to the largest firms. Regulatory banks that could be affected include: U.S. Bancorp (USB), PNC Financial Services (PNC), Truist Financial (TFC), and Capital One Financial (COF). Reference Link
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