Huffpost Business

Banks Set To LOSE Swaps Desks - Thanks To Volcker: Financial Times

Posted: Updated:

Banks are likely to lose a key lobbying battle in the US over whether they will be forced to spin off their lucrative swaps desks, according to people familiar with financial reform negotiations in Congress.

Defeat, which would be a further blow to Wall Street, has been made more likely by Paul Volcker, the influential former Federal Reserve chairman, softening his opposition to the provision.

Read the whole story at cnn.com

Around the Web

US Banks Set to Lose Swaps Fight - CNBC

US Banks Set to Lose Swaps Fight

FT.com / US / Politics & Foreign policy - US banks set to lose ...

FT.com / US / Politics & Foreign policy - Democrats open to talks ...

Derivatives Market May Be Reshaped Even Without Swap-Desk Rule ...