FDIC Scraps Public Meeting on Changes to Key Bank Capital Rule

The Federal Deposit Insurance Corp. decided to handle Thursday’s board meeting on a key capital rule “notationally,” according to a statement, after previously saying it would be open to the public.

The FDIC announced last week that its public meeting would focus on modifying a rule that big banks have said limits their ability to act as intermediaries in the $29 trillion Treasuries market. A video feed for the meeting cut out shortly after it was set to begin, and the agency later sent a statement that didn’t provide a reason for the change.

“After consultation among Board members, ...