🚨ALERT: A MAJOR U.S. banking overhaul could land in December. The Fed and other regulators are reportedly preparing to finalize the long-awaited Basel capital package in mid- to late December, per POLITICO. The rules would change how much capital America’s biggest banks must hold against lending, trading and other risks. Stricter requirements could raise lending costs and curb bank risk-taking. A softer package could ease pressure on financial conditions. A FINAL VOTE is reportedly expected after the Fed’s December 9 rate decision.