Key Regulatory Changes Could Make This Bank Stock a No-Brainer Buy Today
Regulators have been working on proposed bank changes, called Basel III endgame, which they argue would help strengthen the financial system by requiring banks to hold more capital on their balance sheets. Banks pushed back against these rules, arguing they are well capitalized, and further capital requirements could limit them and their ability to lend to their customers.
U.S. Bancorp (NYSE: USB) was one bank facing big questions because of these rule changes. However, the bank got some good news a couple of weeks ago when Federal Reserve Chair Jerome Powell said there would be "broad and material" changes to proposed Basel III rules. Here's why the changes matter and why U.S. Bancorp could be a no-brainer buy for investors today.
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Source Fool.com
