US big banks tick lower tracking broader market decline

Shares of U.S. big banks Goldman Sachs GS.N, JPMorgan Chase JPM.N, Wells Fargo WFC.N, Bank of America BAC.N, and Morgan Stanley MS.N fall in afternoon trading

GS down 0.5%, JPM falls 0.6%, WFC down 0.96%, BAC down 0.4%, MS falls 0.4%

Wall Street's main indexes fell on Thursday as a surge in crude prices revived inflation fears and the Federal Reserve's cautious stance on interest rate cuts weighed on sentiment .N

U.S. regulators on Thursday unveiled softened capital rules which would lower Wall Street banks' capital down to 4.8%, freeing billions for lending, dividends, and buybacks

Capital levels at larger regional banks would fall by 5.2%, while banks below $100 ​billion in assets would enjoy a 7.8% decline in their capital requirements

"While the changes are intended to improve risk sensitivity, efficiency, and alignment with international standards, we would view a decline in overall capital as a credit negative" - Moody's

Overhaul follows years of industry campaigning to ease post‑2008 rules