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Federal Reserve Chair Janet Yellen speaks during a news conference after the Federal Open Market Committee meeting in Washington, Wednesday, March 16, 2016. (AP Photo/Manuel Balce Ceneta)

(Bloomberg) — American International Group Inc. and Prudential Financial Inc. would face new capital standards that are less stringent than those imposed on Wall Street banks under a long-awaited Federal Reserve proposal that’s meant to limit the chance a major insurer could threaten the financial system.

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