US mid-sized banks may bulk up. (Is that safe?)

The crisis over a decade gone, the Fed’s ‘tailoring’ proposal will greatly relax rules on the mid-tier

In 2010, the Dodd-Frank Act laid low the brawlers of the banking world, setting liquidity and capital fenders, and zip-tying some of the banks’ worst excesses. To a world shell-shocked by 2008, it seemed a small measure of justice.

But in May of last year, legislation reversed parts that governed mid-range banks, implying some rules were no longer necessary. Instead of $50 billion in assets tipping a bank into the most onerous category of the law, it would take far more: $250 billion.

Then in