Proprietary Trading

On Wall Street, Nothing Has Changed

HuffingtonPost.com | D.M. Levine | Posted 05.11.2012

Read More: Jpmorgan Trading Loss, Dodd-Frank, Westwood Capital, Financial Reform, John Sarbanes, Jamie Dimon, JPMorgan Financial Crisis, Slideexpand, Volcker Rule, Video, JP Morgan, Proprietary Trading, Jpmorgan, Tabb Group, Jpmorgan Loss, Financial Crisis, Jpmorgan 2 Billion, Financial Regulation, Business News

If you thought Wall Street had learned its lesson four years after the global financial crisis, JPMorgan Chase's $2 billion trading debacle suggests y...

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Why Jamie Dimon Has Egg On His Face

Posted 05.10.2012

Read More: JPMorgan Chase, Video, Proprietary Trading, Jamie Dimon Volcker Rule, Business News, Jamie Dimon, Jpmorgan Chase Huge Loss, Great White Whale, Big Banks, Volcker Rule, Business News

Oh, the irony. After roundly criticizing regulations aimed at preventing banks from taking huge and unsustainable risks with their own money, Jamie...

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Wall Street's Speed Demons: A 10-Point Primer

Sarah Anderson | Posted 05.04.2012

Read More: Investment Banks, Wall Street Reform, High-Frequency Trading, Proprietary Trading, Hedge Funds, Flash Crash, Financial Transactions Tax, Business News

Who are "high-frequency traders"? And what sort of games are they playing with our economic future? Here are 10 things you should know.

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Michael Lewis: The Volcker Rule Should Push Even Harder

The Huffington Post | Khadeeja Safdar | Posted 05.03.2012

Read More: Video, Proprietary Trading, Business News, Financial Crisis, John Reed, Cnbc Interview, Volker Rule, Michael Lewis, Glass-Steagall, Business News

The Volker rule should push even harder to curb banks' bets with their own money than it would do as presently constructed, according to Michael Lewis...

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For Wall Street, The Great Recession Continues

The Huffington Post | D.M. Levine | Posted 04.25.2012

Read More: Layoffs, Wall Street Layoffs, Proprietary Trading, Unemployment, Financial Services, Job Cuts, Wall Street, Great Recession, Banks, Video, Business News

It seems the world of finance is still in the throes of its own great recession. One hundred of the largest cities in the U.S. have shed a total o...

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Ex-Wall Street Banker: Volcker Rule Will Correct A Dangerous Mistake

The Huffington Post | Alexander Eichler | Posted 04.18.2012

Read More: Investment Banks, Video, Proprietary Trading, Dodd-Frank, Commercial Banks, Occupy Wall Street, John Reed, Roger Vasey, Volcker Rule, Paul Volcker, Financial Regulation, Glass-Steagall, Volcker, Business News

Apparently not every banker hates the Volcker rule. Roger Vasey, who used to be in charge of global debt markets at Merrill Lynch, penned a pro-Vol...

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The Volcker Rule's 'Unintended Consequences'

Reuters | Posted 05.27.2012

Read More: Gas Prices, Video, Morgan Stanley, Energy Prices, Proprietary Trading, Wall Street, Reuters, Dodd-Frank Financial Oversight Law, Federal Reserve, IHS Inc, Daniel Tarullo, Volcker Rule, Financial Regulation, Commodity Exchanges, Business News

* Study says exemption for market making should be broadened * Says gasoline and power costs could rise without changes ...

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It Pays To Oppose The Volcker Rule

The Huffington Post | Alexander Eichler | Posted 03.27.2012

Read More: Financial Regulatory Reform, Dodd-Frank Act, Video, Proprietary Trading, Financial Sector, Dodd-Frank, Lobbyists, Financial Reform, Financial Lobby, Prop Trading, Paul Volcker, Volcker Rule, Financial Regulation, Business News

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...

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Volcker Rule Deadline Likely Blown

The Huffington Post | Alexander Eichler | Posted 03.01.2012

Read More: Proprietary Trading, Dodd-Frank, Hedge Funds, Financial Reform, Private Equity Firms, Occupy the SEC, Volcker Rule Deadline, Federal Reserve, Ben Bernanke, Prop Trading, Volcker Rule, Paul Volcker, Financial Regulation, Volcker, Video, Business News

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...

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Where Is Jamie Dimon When You Need Him?

Dennis M. Kelleher | Posted 04.17.2012

Read More: Dodd-Frank Act, Wall Street Bailout, Dodd-Frank, United Kingdom, Financial Reform, Wall Street Reform, Jamie Dimon, Taxpayers, Paul Volcker, Volcker Rule, Rulemaking, Canada, Goldman Sachs, Proprietary Trading, Greece, Bailout, Treasury, Financial Crisis, Banker Bonuses, Simon Johnson, Wall Street Bonuses, Financial Regulation, Derivatives, Loopholes, JP Morgan, Wall Street Crisis, Wall Street, Greece Debt Crisis, Japan, Anti-American, Better Markets, 2008-Crisis, Banking, Banks, Business News

Now, when there are some very real and very serious anti-American actions being asked for, Dimon is strangely silent. Could it be because the current anti-American requests coincide with his claims against financial reform? Of course it is.

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Occupy The SEC Marches In Support Of A Strong Volcker Rule

HuffingtonPost.com | Alexander Eichler | Posted 02.14.2012

Read More: Market Maker, Liquidity, Dodd-Frank, Financial Reform, Occupy the SEC, Repo, Prop Trading, Volcker Rule, Paul Volcker, Repurchase Agreements, Proprietary Trading, Lehman Brothers, Occupy Wall Street, Sec, Securities and Exchange Commission, Financial Regulation, Video, Business News

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...

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'Not So': Volcker Responds To Critics Who Say His Rule Will Wreak Havoc On Banks

The Huffington Post | Mark Gongloff | Posted 02.13.2012

Read More: Proprietary Trading, Dodd-Frank, Banking, Obama Financial Regulation, Financial Crisis, Banking Crisis, Banks, Global Financial Crisis, Paul Volcker, Volcker Rule, Financial Regulation, Business News

Paul Volcker has two words for the people who say the new banking-sector rule that bears his name is going to wreak havoc on the financial system: "No...

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Protect Taxpayers Now With a Strong Volcker Rule

Dennis M. Kelleher | Posted 04.14.2012

The argument for the Volcker Rule is obvious -- we shouldn't allow risky bets that pay enormous bonuses to bankers if they work, but stick taxpayers with the bill if they fail.

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Goldman Official: Controversial Regulation May Actually Help Bank's Profitability

Reuters | Posted 04.09.2012

Read More: Chief Financial Officer David Viniar, David Viniar, Goldman Sachs, Video, Proprietary Trading, Reuters, Business News, Volcker Rule, Financial Regulation, David Viniar Goldman Sachs, Business News

* Rule might help Goldman's return on equity - CFO * Banks can buy lower, sell higher to reflect risk * Quicker asset tu...

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Signs At Major Bank That Wall Street Still Fears The Volcker Rule

The Huffington Post | Jillian Berman | Posted 01.30.2012

Read More: Citibank, Business News, Citigroup Proprietary Trading, Video, Proprietary Trading, Paul Volcker, Volcker Rule, Citigroup, Business News

Financial reform might just be reforming finance. Citigroup is shuttering its proprietary trading desk -- a unit that makes bets with the firm's ow...

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Controversial Financial Reform Measure Could Hurt Venture Capital, Bank Says

Reuters | Posted 03.13.2012

Read More: Video, Volcker Rule Silicon Valley, The Volcker Rule, Proprietary Trading, Dodd-Frank Financial Overhaul, Financial Reform, Reuters, Start-Ups, Business News, Volcker Rule, Silicon Valley, Business News

By Dave Clarke WASHINGTON (Reuters) - While Wall Street giants fight to get regulators to loosen the broad trading restrictions of the ...

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Is White House Chief Jack Lew's Banking Background Bad News For Financial Reform?

HuffingtonPost.com | Ben Hallman | Posted 01.11.2012

Read More: White House, Proprietary Trading, Dodd-Frank, Hedge Funds, Financial Reform, Top Aide, Bill Daley, Chief of Staff, Jacob Lew, Obama, Jack Lew, Volcker Rule, Private Equity, Citigroup, Business News

As President Barack Obama's new White House chief of staff, ex-banker Jacob Lew assumes a powerful position at the height of a Washington battle over ...

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The European Agreement Offers Other People's Money

Georges Ugeux | Posted 12.27.2011

Read More: Sovereign Debt, Debt, Bail-Out, Eurozone, Gnp, France, Restructuring, Basel III, European Union, Euro, Proprietary Trading, Greece, Germany, Private Sector, Volcker Rule, Banks, Efsf, European Financial Stability Fund, Europe, Business News

The simple notion that China might be part of that new fund is sending waves throughout Europe. Does Europe need the IMF and China to resolve a $500 billion problem?

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Volcker Rule So Complex Even Volcker Says He Doesn't Like It

The New York Times | James B. Stewart | Posted 12.22.2011

Read More: Proprietary Trading, Financial Reform, Business News, Banking News, Big Banks, Paul Volcker, Volcker Rule, Financial Regulation, Dodd-Frank Bill, Business News

When Paul Volcker called for new rules in 2009 to curb risk-taking by banks, and thus avoid making taxpayers liable in the future for the kind of reck...

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The Volcker Rule -- What Does it Mean?

Kevin L. Petrasic | Posted 12.13.2011

Read More: Banking, Proprietary Trading, Dodd-Frank, Volcker Rule, Financial Regulation, Too Big to Fail, Business News

The challenge is how to make our banks and our banking system stronger with the right dose of regulatory medicine. Too little will be ineffectual and too much may produce more complications than benefits.

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Volcker Rule Has Been Watered Down, Experts Say

HuffingtonPost.com | Bonnie Kavoussi | Posted 12.11.2011

Read More: Dodd-Frank Act, Video, Fdic, Proprietary Trading, Wall Street, Federal Deposit Insurance Corporation, Federal Reserve, Sec, Financial News, Securities and Exchange Commission, Volcker Rule, Paul Volcker, Financial Regulation, Dodd Frank, Business News

Federal regulators released on Tuesday a draft of the long-anticipated Volcker rule, a regulation that will limit large banks' bets with their own mon...

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FDIC Joins Fed In Approving Volcker Rule Draft

AP | MARCY GORDON | Posted 12.11.2011

Read More: Dodd-Frank Act, Video, Fdic, Proprietary Trading, Wall Street Regulation, FDIC Banks, Wall Street Reform, Business News, Fdic Backs Volcker Rule, Federal Reserve, Banking Crisis, Volcker Rule, Business News

WASHINGTON — Banks would be barred from trading for their own profit instead of their clients under a rule federal regulators proposed Tuesday. ...

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Insider The Volcker Rule Draft

Posted 12.06.2011

Read More: Volcker Financial Reform, Video, Proprietary Trading, Volcker Rule Draft, Dodd-Frank Volcker, Volcker Rule, Financial Regulation, Wall Street Volcker, Business News

WASHINGTON (Dave Clarke) - A draft proposal of the Volcker rule that cracks down on banks' proprietary trading gives firms flexibility to hedge ri...

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Regulators May Water Down Tough Regulation On Banks

The Huffington Post | Bonnie Kavoussi | Posted 11.22.2011

Read More: Dodd-Frank Act, Proprietary Trading, Dodd-Frank, Banks, Financial Crisis, Trading, Paul Volcker, Volcker Rule, Financial Regulation, Business News

One of the toughest responses to the financial crisis is in danger of being weakened. The Volcker rule, named after former Federal Reserve Chairma...

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How Did European Banks Trap Themselves in a Replay of the 2007 Crisis?

Georges Ugeux | Posted 11.08.2011

At a conference in New York at the end of 2008, Obama's economic advisor, Larry Summers made a prophetic remark at an event organized by the Economist.

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