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 Goldmanās gleami...
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...
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...
A new government report on banks' controversial practice of trading and investing for their own profit was condemned Wednesday by congressional Democr...
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...
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 is "seriously considering spinning off its proprietary trading unit" according to CNBC's Kate Kelly. The group plans to do so to comply ...
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...
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...
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.
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.
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...
The 'Volcker Rule' got fresh support this morning when five former Treasury Secretaries endorsed the key financial regulation in a letter to the Wall ...
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...
Jan. 22 (Bloomberg) -- President Obama's plan to curb risk- taking by banks hinges on how rigidly regulators define proprietary trading at firms such ...