WASHINGTON — Hundreds of community bankers on Monday filed letters to regulators expressing despair over the hardships they will face under a proposal to implement Basel III capital and liquidity requirements.

In detailed letters to regulators, banks warned that the new rules, if unchanged, will effectively put them out of business.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.