The biggest issue in US banking right now is the higher bank capital requirements proposed by the US regulatory authorities. These proposals, which would require banks to increase their capital by 20%, have agitated US bankers and prompted warnings that borrowing costs would increase. In March 2023, global attention was fixed on the US banking system as several mid-sized regional banks succumbed to the devastating effects of unprecedented deposit runs. Things got especially interesting when Credit Suisse, the Swiss banking behemoth, teetered on the brink of collapse. The travails of a huge international bank ... (full story)