Paul Volcker

U.S. state budgets rely on faulty practices

By Stephen Flood | June 9, 2015

The highly regarded former chairman of the Federal Reserve, Paul Volcker, has severely criticized the state governments in the U.S. over “faulty practices” used to devise budgets which mask the true financial position of those states.

Time to move on from ZIRP

By Daniel P. Collins | January 15, 2015

January Editor's Note from Dan Collins.

Banks back off on Volcker rule lawsuit

By Andrew Zajac, Bloomberg | February 13, 2014

The American Bankers Association is dropping its lawsuit challenging a provision of the Volcker Rule.

Volcker rule halt request withdrawn by bankers association

By Edvard Pettersson, Bloomberg | December 30, 2013

The American Bankers Association dropped its request for a federal judge to temporarily block Volcker Rule restrictions on collateralized debt obligations backed by trust-preferred securities.

Wall Street to revamp leveraged muni funds after Volcker curbs

By William Selway and Brian Chappatta, Bloomberg | December 17, 2013

Wall Street banks are trying to prevent the Volcker Rule from forcing them to wind down funds that use borrowed money to bet on the $3.7 trillion municipal-bond market.

Bernanke says Fed in ‘finest hours’ stood up to pressure

By Joshua Zumbrun, Bloomberg | December 16, 2013

Federal Reserve Chairman Ben S. Bernanke said a willingness to resist political encroachment has been a key strength of the Fed during its first century as the U.S. central bank.

Volcker says he didn’t help write rule that bears his name

By Yalman Onaran, Bloomberg | December 10, 2013

Paul Volcker said he wasn’t involved with writing the final version of the rule that bears his name.

Volcker rule ushers in era of increased U.S. oversight of trades

By Silla Brush, Cheyenne Hopkins and Jesse Hamilton, Bloomberg | December 10, 2013

Wall Street faces intrusive new government oversight of trading after U.S. regulators issued what they billed as a stricter Volcker rule today, imposing restrictions designed to prevent blowups while leaving many of the details to be worked out later.