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Prop Trading

Zach Carter

Jeff Merkley Wants You To Know He Stood Up To Wall Street | Zach Carter | Posted 01.25.2014 | Politics

WASHINGTON -- Sen. Jeff Merkley (D-Ore.) told HuffPost that he sees the finalization of regulation that banned Wall Street speculation with taxpayer m...

Goldman CEO Caught In Lie: Report

The Huffington Post | Eleazar David Melendez | Posted 01.08.2013 | Business

Even as the CEO of Goldman Sachs claimed a few months ago that the bank had stopped trading on its own account, a secretive unit at Goldman’s gleami...

It Pays To Oppose The Volcker Rule

The Huffington Post | Alexander Eichler | Posted 03.27.2012 | Business

Why haven't more lawmakers insisted on strict financial regulation? Maybe because that's not where the money is. Members of Congress who have calle...

Volcker Rule Deadline Likely Blown

The Huffington Post | Alexander Eichler | Posted 03.01.2012 | Business

Here's news that will surprise no one who's been watching the tortured fights over the Volcker Rule: The controversial financial regulation is not lik...

Alexander Eichler

Occupy The SEC Marches In Support Of A Strong Volcker Rule | Alexander Eichler | Posted 02.14.2012 | Business

NEW YORK -- A crowd of some 60 people were milling outside the Federal Reserve Bank of New York in the Financial District Monday afternoon. They liste...

Marcus Baram

GAO Report On Proprietary Trading Slammed By Senate Dems As 'Misleading' | Marcus Baram | Posted 09.12.2011 | Business

A new government report on banks' controversial practice of trading and investing for their own profit was condemned Wednesday by congressional Democr...

Simon Johnson: Proprietary Traders Earn 'Trust, but Verify'

Bloomberg | Simon Johnson | Posted 05.25.2011 | Business

There are two ways regulators can keep tabs on proprietary traders and their equivalents who can win big betting their firm's capital or lose even big...

JPMorgan Said To Shut Down Division In Response To Volcker Rule | Dawn Kopecki and Chanyaporn Chanjoren | Posted 05.25.2011 | Business

Aug. 31 (Bloomberg) -- JPMorgan Chase & Co., the second- largest U.S. lender by assets, told traders who bet on commodities for the firm's account tha...

Goldman Sachs Plans To Spin Off Proprietary Trading

Posted 05.25.2011 | Business

Goldman Sachs is "seriously considering spinning off its proprietary trading unit" according to CNBC's Kate Kelly. The group plans to do so to comply ...

Ryan Grim

Prop Traders Being Reassigned In Wake Of Volcker Rule | Ryan Grim | Posted 05.25.2011 | Business

A Fox Business report on Tuesday evening made backers of the Volcker Rule nervous that big banks had already found a way to trade taxpayer-backed mone...

Lucia Graves

Merkley, Levin Push Reid on Volcker Rule | Lucia Graves | Posted 05.25.2011 | Business

An amendment to prohibit major banks from participating in proprietary trading with taxpayer-backed money has failed in name but its authors hope it w...

Six Key Fights for Wall Street Reform's Next Phase

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Thursday night's passage of Wall Street reform is an event to be celebrated, but several key issues remain in play as the House and Senate iron out differences between their respective versions of the legislation.

In Defense of the Volcker Rule

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Some version of Wall Street reform is going to pass the Senate this week, but before it does, there are still three crucial battles to be waged, all of which would significantly change the way Wall Street does business.

Will The Volcker Rule Survive In Dodd's Bill? Citigroup Is Betting That It Won't

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Devotees of former Fed Chairman Paul Volcker may less than thrilled by the bill unveiled by Sen. Chris Dodd (D-Conn.) Citigroup, for its part, doesn...

Treasury Secretaries of Administrations Past Petition For Volcker Rule

Posted 05.25.2011 | Business

The 'Volcker Rule' got fresh support this morning when five former Treasury Secretaries endorsed the key financial regulation in a letter to the Wall ...

Felix Salmon: The Volcker Rule's Two Huge Loopholes

Reuters | Felix Salmon | Posted 05.25.2011 | Business

Paul Volcker's long NYT op-ed last weekend, and his testimony to the Senate banking committee this week, did very little to clear up a lot of the unce...

Obama Bank Proposal Bank-Plan Impact Hinges on How to Define Client Trades | Bradley Keoun, Christine Harper, and Ian Katz | Posted 05.25.2011 | Business

Jan. 22 (Bloomberg) -- President Obama's plan to curb risk- taking by banks hinges on how rigidly regulators define proprietary trading at firms such ...