CNBC's Kayla Tausche explains the Volcker Rule wants to prevent banks from placing outsized trades using their own money. The rule is set to be approved on Tuesday.» Read More
CAMBRIDGE, Mass., July 10- Eyeing the end of his tenure as chairman of the U.S. Federal Reserve, Ben Bernanke on Wednesday described some of the things that he hopes to be remembered for when the time comes for him to step down, led by his championship of greater transparency in monetary policy.
Garry Evans, Global Head of Equity Strategy at HSBC draws similarities between China in 2013 and the U.S. back in 1979. He also shares his opinion on investing in the equity markets and gold.
Former Fed Chairman Paul Volcker weighed in on the Fed's bond buying, saying it's "limited and diminishing" and warning that central banks are too often late in removing stimulus.
Janet Yellen is seen as a logical candidate to succeed the Federal Reserve chief Ben Bernanke, but critics remain wary of her stance on inflation.
France unveiled a long-awaited bank reform, hailing it as a model for the rest of Europe even as critics said it fell short of President Francois Hollande's campaign pledge to get tough with the financial sector.
Former Federal Reserve Chairman Paul Volcker told CNBC his namesake rule has already changed how Wall Street does business.
Paul Volcker, former Federal Reserve Chairman, explains why he believes the Volcker Rule has already been effective and says that regulation does not have to be overly complex.
In a rare interview, former Federal Reserve Chairman Paul Volcker tells CNBC's "Squawk Box" that his namesake rule has already changed the way Wall Street does business, despite the delays in crafting the final draft. The Volcker Rule is part of the 2010 Dodd-Frank Act.
CNBC's Kayla Tausche reports regulatory sources have told CNBC that the deadline to complete the Volcker Rule is now delayed until the end of the first quarter of 2013.
WASHINGTON, Oct 25- Two influential U.S. senators on Thursday urged regulators to resolve any differences and finish writing a controversial ban on proprietary trading known as the Volcker rule.
CHICAGO, Oct 23- Illinois has dug itself into such a huge financial hole that it may not be able to provide basic services to residents or meet employee benefit obligations, according to a national task force that is due to release a report about the state's finances.
University of Illinois economist Richard Dye says solutions to problems like the state's backlog of bills and the Medicaid squeeze will be mentioned but not recommended. Illinois was among six states examined. Pat Quinn spokesman Abdon Pallasch says the July report highlighted problems the Illinois governor has fixed or proposed solutions for.
The Systemic Risk Council, led by former Federal Deposit Insurance Corp Chairman Sheila Bair, in a letter on Thursday urged top U.S. regulators to implement so-called Basel III standards more quickly, to include a stricter limit on leverage in large banks and reduce the exposure of banks to each other.
*Volcker will compare and contrast U.S., UK regulation. LONDON, Oct 2- Paul Volcker, the former U.S. Volcker, who led the Fed under presidents Jimmy Carter and Ronald Reagan, has been at the forefront of recent regulatory attempts to reform the U.S. banking system and will compare and contrast banking practices in Britain and the United States.
*Britain's FTSE 100 index is seen opening down 30 to 39 points, or as much as 0.7 percent, according to financial bookmakers. *European officials told Reuters late on Monday that Spain was ready to request a bailout for its public finances as early as next weekend, but Germany had signalled that it should hold off.
*Britain's FTSE 100 index is seen opening down 30 to 39 points, or as much as 0.7 percent, according to financial bookmakers. *The UK blue chip index closed up 1.4 percent, or 78.38 points, higher at 5,820.45 points on Monday.
Volcker, architect of the "Volcker Rule" governing so-called proprietary trading by U.S. investment banks, will appear before the commission on Oct. 17 to compare and contrast banking behaviour and practices between Britain and the United States.
tAs regulators put the finishing touches on new rules for Wall Street, they remain entangled in a partisan fight over the overhaul, the New York Times reports.
Although there’s a thin line between hedging and speculating, regulators should crack down if banks are making unusually large profits on their hedging activities, CFTC Commissioner Bart Chilton said.
Discussing JPMorgan's trading loss, Bill Smead, CEO & CIO, Smead Capital Management says U.S. banking restrictions have been put in place too late.