The Federal Reserve Board proposed Thursday to significantly expand the powers of U.S. banks overseas.

The 131 pages of changes proposed in Regulation K would drop some limits on underwriting and dealing in equities and debt securities, permit more venture capital investments, and expedite branching applications.

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.