The changes, long sought by bank lobbyists, would reduce the capital banks must hold in reserve to mitigate risks.

Trump officials say simplifying the rules, designed to help banks withstand financial strains, will boost lending and benefit the economy.

Today, U.S. bank regulators are set to formally unveil softened new draft capital rules, a move that could ease pressure on large Wall Street banks and potentially free up billions of dollars for lending,

The Office of the Comptroller of the Currency finalized rules rescinding fair housing data requirements and expanding speedy licensing for banks under $30B in assets as part of Comptroller Jonathan Gould's push for more risk-based supervision.

Plans from US regulators to depart from new global rules on bank trading capital are fueling calls on the other side of the Atlantic to do similar.

Financial markets are underpricing geopolitical risks, increasing the potential for sudden sell-offs, European Central Bank supervisor Claudia Buch said on Wednesday,