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Wall Street’s Regulatory Reins Start Loosening as Fed Proposes New Rule

The central bank is planning to reduce a capital buffer for the country’s largest banks, which critics warn will make the financial system less resilient.

© Gabby Jones for The New York Times

Goldman Sachs, which has its global headquarters in Lower Manhattan, is among the large lenders that have been mandated to maintain a bigger buffer of capital against the assets on their balance sheet.
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