Morgan Stanley Asks Fed to Lower Bank’s Capital Requirement

Morgan Stanley asked the Federal Reserve to reduce its capital requirements, the regulator said as it announced upcoming capital requirements for most Wall Street banks that are in line with lenders’ expectations.

“The firm requested reconsideration to reduce this requirement,” the Federal Reserve said in a statement Friday. “The board is reviewing the request to reduce the firm’s stress capital buffer requirement,” and plans to make and publish a decision by Sept. 30.