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Volcker Rule

Volcker Rule Pretty Watered Down, Executives And Consultants Say

Reuters | Posted 02.18.2014 | Business

By David Henry NEW YORK, Dec 18 (Reuters) - The 900-plus page Volcker rule regulators released last week will not impact big bank tra...

Rihanna, Jamie Dimon, and Hillary

Mike Lux | Posted 02.17.2014 | Politics
Mike Lux

The arrogance of people like Jamie Dimon deserves mockery, and the lack of tough accountability coming from the Department of Justice deserve mockery, so that is what we are offering up.

The Volcker Rule Is a Maddening Case Study in How to Suffocate Wall Street Reform

James Howard Kunstler | Posted 02.16.2014 | Business
James Howard Kunstler

The so-called Volcker Rule for policing (ha!) banking practices, approved by a huddle of federal regulating agency chiefs last week, is the latest joke that America has played on itself in what is becoming the greatest national self-punking exercise in world history.

Shahien Nasiripour

Volcker Rule Finalized With Wall Street Responsible For Judging Compliance | Shahien Nasiripour | Posted 01.25.2014 | Politics

Big Wall Street banks face an uneasy future after U.S. regulators on Tuesday finalized the Volcker Rule, a measure that attempts to curtail big bets o...

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...

Structural Stagnation, Bubbles, and the Volcker Rule

Jared Bernstein | Posted 02.09.2014 | Business
Jared Bernstein

It's pretty hard to miss the shampoo cycle -- bubble, bust, repeat -- that has characterized the last few business cycles in the American, and more recently, European and even Scandinavian economies. It's also the case that choice economists since Adam (Smith, of course) have recognized this proclivity towards financial market instability. Thus far in the current expansion that began in 2009Q3, financial markets and corporate profitability have far outpaced the rest of the economy. I'm not saying we're in another financial bubble, though no less than Robert Shiller recently raised that concern. But I'm decidedly saying that unless we enact and enforce tough financial market regulation, that's where we're headed.

The Volcker Rule's Biggest Myth

The Huffington Post | Mark Gongloff | Posted 01.25.2014 | Business

They're already starting to complain about it, those banks and the people who love them: The Volcker Rule, the new restriction about to be slapped on ...

Volcker Rule FINALLY Coming

Reuters | Posted 02.09.2014 | Business

By Emily Stephenson and Douwe Miedema WASHINGTON, Dec 10 (Reuters) - U.S. banks will no longer be able to make big trading bets with t...

Today in Fiscal Policy: Is There a Little Deal in the Offing?

Jared Bernstein | Posted 02.08.2014 | Politics
Jared Bernstein

Now don't get me wrong: they're partially defusing a fiscal time-bomb they set themselves, so no one should mistake this for a great advance in bi-partisan fiscal policy.

Finished Volcker Rule 'Significantly Different' Than Original: Official

Reuters | Posted 02.08.2014 | Business

By Eva Taylor and Sakari Suoninen Dec 9 (Reuters) - The final version of the Volcker rule to ban banks from gambling with their own mo...

Mark Gongloff

Wall Street About To Be Hit With A Rule It Hates | Mark Gongloff | Posted 01.23.2014 | Business

If Wall Street were Santa Claus, JPMorgan Chase would get nothing but coal in its stocking this year. That's because America's biggest bank is part...

Controversial Wall Street Reform Rule Nearing Completion

Reuters | Posted 01.25.2014 | Business

By Douwe Miedema NEW YORK, Nov 18 (Reuters) - The head of the U.S. swaps regulator said on Monday he would share a draft of the Volcke...

JPMorgan Exits Physical Commodity Trading

Raymond J. Learsy | Posted 09.28.2013 | Business
Raymond J. Learsy

Quite dramatically, being the biggest bull in the China shop, JPMorgan Chase made the striking announcement this past week that it would quit trading in physical commodities.

Fix Federal Reserve Board Policies

Harry L. Langer | Posted 09.17.2013 | Politics
Harry L. Langer

The Federal Reserve Bank's Policies of Quantitative Easing and providing banks with unlimited, unconditioned, and practically interest free funding from its Open Window Facility and favorable discount rates have failed to create jobs and revenues, and stimulate the economy in proportion to need.

JP Morgan Accused of Rigging Energy Markets. A Feather Duster Anyone?

Raymond J. Learsy | Posted 09.16.2013 | Business
Raymond J. Learsy

What, pray tell, is a bank doing in the oil, gas, power and electricity business? Is that why we have a Federal Reserve -- to fund their gambling addiction? Should the bank fail because of its gambling excess, we would be left holding the bill and mopping up the mess of Too Big to Fail.

Zach Carter

Senators Attempt To Revive Bank Rule | Zach Carter | Posted 07.11.2013 | Politics

WASHINGTON -- A bipartisan group of four senators that includes Elizabeth Warren (D-Mass.) and John McCain (R-Ariz.) introduced an updated version of ...

Shahien Nasiripour

IMF Questions Regulators On Big Banks | Shahien Nasiripour | Posted 05.14.2013 | Business

Top officials at the International Monetary Fund on Tuesday challenged financial regulators imposing far-reaching reforms on the biggest banks, arguin...

Report: Goldman Is Trying To Get Around A Controversial New Rule

Reuters | Posted 03.04.2013 | Business

(Reuters) - Goldman Sachs Group Inc is trying to work around a financial reform regulation to keep investing in the profitable, albeit risky, business...

Big Bank Finds Loophole In Controversial Financial Reform

Reuters | Posted 04.23.2013 | Business

* PE business produced $715 million in gains in 4th quarter * Norwest investments may be considered 'merchant banking' *...

Zach Carter

Republicans Offer Wall Street Reform Deal | Zach Carter | Posted 02.12.2013 | Politics

WASHINGTON -- After more than four years of blanket opposition to Wall Street reform, House Republicans are finally offering Democrats a deal. But the...

What JPMorgan's Recently Released Internal Reports Unintentionally Say

John Fullerton | Posted 04.08.2013 | Business
John Fullerton

That regulators condone the continued use of VAR models and get pushed around on tougher capital and liquidity limits can only mean one thing: they have concluded that it's simply too dangerous to the system to reveal that the emperor has no clothes.

How Jamie Dimon Shows Us Exactly What Is Wrong With Our Banks

Sanjay Sanghoee | Posted 03.30.2013 | Business
Sanjay Sanghoee

Banks today have become self-serving profit machines whose primary goals are misaligned with our nation's larger interests, and are a far cry from the friendly neighborhood institutions that once made the American dream possible.

Goldman's Sneaky Tactic Dodges Regulations

Reuters | Matthew Goldstein and Emily Flitter | Posted 01.25.2013 | Business

NEW YORK (Reuters) - Goldman Sachs Group is looking to raise up to $600 million from its wealthy customers for a publicly traded credit fund that will...

Goldman's Genius: Ignoring Rule That Doesn't Exist

Mark Gongloff | Posted 03.24.2013 | Business
Mark Gongloff

See, folks, this right here is an example of how the rest of us playing checkers while Goldman Sachs is playing three-dimensional chess.

Here's the Real Deal on the Volcker Rule

Bartlett Naylor | Posted 02.17.2013 | Business
Bartlett Naylor

In reality, the Volcker Rule will mean no change, no closure of business divisions, no costs from foregone financial activity, for more than 99.9 percent of banks.