iOS app Android app

Volcker Rule

The Volcker Rule -- What Does it Mean?

Kevin L. Petrasic | Posted 12.13.2011 | Business
Kevin L. Petrasic

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.

Bonnie Kavoussi

Volcker Rule Has Been Watered Down, Experts Say | Bonnie Kavoussi | Posted 12.11.2011 | Business

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...

Wall Street CEOS May Be Held Accountable If Their Bank Breaks Rule

Posted 12.08.2011 | Business

WASHINGTON (Dave Clarke) - Regulators are considering holding Wall Street chief executives legally liable if they allow certain types of proprietary t...

Scott Brown: Wall Street's Favorite

Mike Lux | Posted 12.06.2011 | Politics
Mike Lux

Having watched Brown operate on the financial reform bill and on financial issues since, it is in fact clear that he is their number one go-to guy and their best buddy on Capitol Hill.

Insider The Volcker Rule Draft

Posted 12.06.2011 | Business

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

Regulators May Water Down Tough Regulation On Banks

The Huffington Post | Bonnie Kavoussi | Posted 11.22.2011 | Business

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

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...

Citigroup Shuts Down Hedge Fund Because Of Regulations

Posted 08.02.2011 | Business

Citigroup Inc (C.N) shut down a $400 million hedge fund that used the bank's money and mathematical models to bet on stocks, in the wake of new regula...

Goldman 'Totally Freaked Out' About Volcker Rule

Posted 07.04.2011 | Business

This post has been corrected. (Lauren Tara LaCapra) - Goldman Sachs Group Inc has just a few more months to put its stamp on the Volcker rule, and ...

BofA Spinning Off $5B Private Equity Fund

Posted 06.20.2011 | Business

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp plans to spin off its last large private equity fund, with more than $5 billion in assets, ...

Inside One Of Goldman Sachs' Most Profitable Divisions

Bloomberg | Christine Harper | Posted 05.28.2011 | Business

For Goldman Sachs Group Inc.’s Special Situations Group, disasters can be a source of some of the biggest profits. Now the secretive investing opera...

Banks' 'Principal' Trades May Escape Volcker Rule

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

For at least one aspect of Goldman Sachs' operations, it may be business as usual after the Dodd-Frank financial reform bill is implemented. Bank ...

Complexity Theory and the Failure of Financial Reform: Part Two

Peter Schwartz | Posted 05.25.2011 | Politics
Peter Schwartz

In Part One of this essay, we mapped the tactile, political surface of financial reform - focusing on the ideas and behaviors of individual political ...

Complexity Theory and the Failure of Financial Reform: Part One

Peter Schwartz | Posted 05.25.2011 | Politics
Peter Schwartz

This is a two-part essay about the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act, a 2,300-page piece of legislation ...

GE CEO To Replace Volcker On Obama's Economic Team

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

Early Friday morning, Obama announced a significant shift for the White House economic team: the war against Wall Street greed has lost a major player...

Paul Volcker: Banks' Long-Term Investments Should Be Regulated

The Huffington Post | Amy Lee | Posted 05.25.2011 | Business

As legislators grapple with how to keep banks from engaging in risky, speculative behaviors, former Federal Reserve chairman Paul Volcker's views are ...

A Big Week for US Banks: The Difference Between Good and Evil Proprietary Trading

Lawrence G. McDonald | Posted 05.25.2011 | Business
Lawrence G. McDonald

The Financial Stability Oversight Counsel is releasing an 80 page draft of "recommendations" on the Volcker Rule to the Federal Reserve. But regulators must understand there are two vastly different types of proprietary trading.

Bank CEOs Would Promise To Obey Regulations, Under New Proposal

The Huffington Post | William Alden | Posted 05.25.2011 | Business

In an effort to make financial regulation more airtight, a government oversight panel has recommended a new wrinkle: that bank chiefs should personall...

Volcker Rule Tests New Systemic Risk Council

Posted 05.25.2011 | Business

WASHINGTON (By Dave Clarke and Rachelle Younglai) - The new council of U.S. regulators will face a major test on Tuesday when it unveils recommendatio...

Shahien Nasiripour

GOLDMAN UNDER FIRE: Megabank Reveals New Information On Trading Activities | Shahien Nasiripour | Posted 05.25.2011 | Business

Wall Street giant Goldman Sachs generated at least 18 percent of its revenues last year through trading and investing for its own benefit, according t...

Morgan Stanley To Spin Off Proprietary Trading Unit

Posted 05.25.2011 | Business

CHARLOTTE, North Carolina (By Joe Rauch) - Morgan Stanley said it would spin off its proprietary trading unit as an independent firm by the end of 201...

Goldman Prop Traders To Leave To Start Hedge Fund

Posted 05.25.2011 | Business

NEW YORK (Reuters) - Goldman Sachs' last large proprietary trading team is planning to leave the bank in order to start an independent hedge fund, the...

Wall Street Already Finding Loopholes To The 'Volcker Rule'

Posted 05.25.2011 | Business

NEW YORK - U.S. banks have found a way to continue betting their own money on some investments, despite a new law's restrictions on proprietary tradin...

Wall Street Lobbyist To Regulator: 'Are You Trying To Scare Me?'

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Regulators charged with fleshing out the Dodd-Frank financial reform are receiving intense pressure from Wall Street lawyers and lobbyists, the Wall S...

The Volcker Rule After The Midterm Elections

New York Times | Posted 05.25.2011 | Business

The Obama administration saved the deeply troubled megabanks in the United States in early 2009 with a bundle of rescue measures that, compared with s...