FDIC Scraps Public Meeting on Changes to Key Bank Capital Rule
The Federal Deposit Insurance Corp. decided to handle Thursday's board meeting on a key capital rule 'notationally,' according to a statement, after previously saying it would be open to the public.
The FDIC announced last week that its public meeting would focus on modifying a rule that big banks have said limits their ability to act as intermediaries in the $29 trillion Treasuries market. A video feed for the meeting cut out shortly after it was set to begin, and the agency later sent a statement that didn't provide a reason for the change.
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