U.S. Fed votes to adopt tougher leverage rules for big banks

WASHINGTON, April 8 Tue Apr 8, 2014 4:46pm EDT

WASHINGTON, April 8 (Reuters) - The U.S. Federal Reserve voted on Tuesday to adopt tougher leverage requirements for the eight biggest U.S. banks.

The rules, which set a leverage ratio of 6 percent for big insured banks and 5 percent for their holding companies, were also approved by the Federal Deposit Insurance Corp and the Office of the Comptroller of the Currency on Tuesday. (Reporting by Emily Stephenson; Editing by Steve Orlofsky)

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