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By Michael J. Moore, Bloomberg |
June 6, 2012
Morgan Stanley has had talks with private-equity firms including Blackstone Group LP as the bank considers options for its commodities trading unit if the Volcker rule outlaws some activities.
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By Cheyenne Hopkins and Caroline Salas Gage, Bloomberg |
June 4, 2012
When is a hedge not a hedge? That’s the question regulators are confronting after JPMorgan Chase & Co. reported a $2 billion trading loss from a position Dimon called a “hedge.”
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By Silla Brush, Bloomberg |
May 31, 2012
The U.S. Commodity Futures Trading Commission is seeking input on whether to narrow exemptions in a proposed proprietary-trading ban after JPMorgan Chase & Co. announced at least $2 billion in losses on credit derivatives.
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By Robyn Meredith and Shamim Adam, Bloomberg |
May 31, 2012
Former Federal Reserve Chairman Paul Volcker, the namesake of U.S. rules designed to rein in banks’ proprietary trading, proposed another regulatory overhaul: This time, regarding supervision of global capital flows.
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By Laura Litvan and Phil Mattingly, Bloomberg |
May 18, 2012
Republicans in the U.S. Congress were uniting behind a call to repeal all or part of the 2010 financial regulatory overhaul. Since JPMorgan Chase & Co. announced its $2 billion trading loss earlier this month, that front has splintered.
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By Philip McBride Johnson |
May 17, 2012
The frequency with which pundits have asserted that "hedging" and "speculating" or "betting" are hard to distinguish is nauseating. Adoption of the "Volcker rule" has been delayed by this canard.
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By Daniel P. Collins |
May 16, 2012
Apparently the Federal Reserve, on April 19, extended the deadline for banks to comply with the Volcker rule from July 12, 2012 to July 12, 2014.
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By Phil Mattingly, Bloomberg |
May 9, 2012
Former Federal Reserve Chairman Paul Volcker, speaking in support of the Dodd-Frank Act rule that bears his name, said it is impossible for banks to handle the potential customer conflicts presented by trading activities.
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By Craig Torres and Cheyenne Hopkins, Bloomberg |
April 5, 2012
Federal Reserve Bank of Richmond President Jeffrey Lacker said a U.S. law restricting proprietary trading at banks and scheduled for enactment in July may be “impossible” to implement.
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By Phil Mattingly and James Rowley, Bloomberg |
March 16, 2012
The Goldman Sachs Group Inc. employee who criticized the company’s culture in a newspaper column bolsters the case for Wall Street restrictions like the Volcker rule, congressional Democrats said.
