Volcker rule trading revamp approved in win for Wall Street

THE OFFICE OF THE COMPTROLLER OF THE CURRENCY and Federal Deposit Insurance Corp. have approved a move to ease the Volcker Rule’s controversial ban on banks making speculative investments. Wall Street has largely sought a roll back of the rules.. / BLOOMBERG NEWS
THE OFFICE OF THE COMPTROLLER OF THE CURRENCY and Federal Deposit Insurance Corp. have approved a move to ease the Volcker Rule’s controversial ban on banks making speculative investments. Wall Street has largely sought a roll back of the rules.. / BLOOMBERG NEWS
WASHINGTON – Wall Street watchdogs handpicked by President Donald Trump eased the Volcker Rule’s controversial ban on banks making speculative investments, wrapping up a top deregulatory priority that’s long been sought by the financial industry. The changes, approved Tuesday by the Office of the Comptroller of the Currency and Federal Deposit Insurance Corp., seek to…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

No posts to display