Bowman said the “time has come” to revisit the key capital buffer after concerns the rule has constrained lenders’ trading in the $29 trillion Treasuries market.

The Federal Reserve's top regulatory official said on Monday that an upcoming rewrite of bank leverage rules is just a "first step" in reviewing "distorted" bank capital requirements.

Crews were on the scene of a vehicle fire on southbound Capital Boulevard near the Peace Street exit in Raleigh on Tuesday morning.