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
The Volcker Rule is driving talented traders to leave large, well-known Wall Street investment banks for hedge funds, Reservoir Capital founder Daniel Stern said at the Skybridge Alternatives (aka SALT) investor summit Wednesday.
Charlie Munger, Berkshire Hathaway vice chairman, says he would like to see a stronger Volcker rule. Meanwhile Warren Buffett says that although he doesn't share the same view as strongly, banks should not have a "free hand."
Paul Volcker was Chairman of the Federal Reserve under Presidents Reagan and Carter. But his name is becoming more well-known for a part of the Dodd–Frank reform bill. It's called the Volcker rule, and CNBC explains.
CNBC's Mary Thompson reports that regulators issued a statement on the Volcker Rule, saying banks will have to comply within two years.
Proposed regulation to prohibit proprietary trading by banks, known as Volcker Rule, could result in higher energy prices and fewer jobs, according to a new study.
When Brookings and bi-partisan support is for a delay, then the forces of nature are lining up against regulators on Volcker.
Regulators in charge of writing the Volcker Rule, which would ban banks from trading with their own money, were inundated with complaints and suggestions from the financial industry. The New York Times reports.
The Securities Industry & Financial Markets Association filed five letters to the Federal Reserve this morning, urging changes to the Volcker Rule. Tim Ryan, president & CEO of SIFMA, discusses.
In the wake of the MF Global bankruptcy, regulators have voted to enforce a new rule requiring brokerage firms to keep their house accounts separate from customer cash, the New York Times reports.
One market watcher says India’s current inflation environment resembles that of the United States in the early 1980s, drawing parallels between India’s current central bank governor Duvvuri Subbarao and Paul Volcker, who had served as Federal Reserve chairman back then.
Goldman Sachs and Morgan Stanley may shed the "bank holding company" classification in order to skirt the Volcker rule banning propriety trading with the firm’s own capital, an analyst says.
Wall Street is bracing for major changes from a new rule that would overhaul how the banking industry conducts its trading. The New York Times reports.
The $2 billion trading loss that has rocked the Swiss banking giant UBS has also cast a spotlight on a relatively unknown but increasingly profitable corner of Wall Street — Delta One desks.
Our intrepid reporter talks to former Federal Reserve Chief Paul Volcker, in town for a benefit for the National Academy Foundation, at the Waldorf Astoria.
Why should Goldman Sachs be "freaked out" by the Volcker Rule, and lobbying hard to debilitate it?
It's hardly surprising that Goldman Sachs wants to be able to deploy the firm's capital to longer term investments.
Stocks ended mixed as the Dow's rally skidded to a halt as retailers reported weaker-than-expected December sales. Verizon and Travelers slid, while Microsoft gained.
Stocks traded mixed Thursday as technology stocks rose and retailers skidded following weaker-than-expected December sales. Verizon skidded, while Microsoft gained.
Stocks turned mixed as retail stocks skidded on news of weaker-than-expected December sales. Verizon and AT&T fell, while Boeing rose.
President Obama is said to be ready to name Gene Sperling the chairman of the National Council of Economic Advisers. Mr. Sperling, 52, who held the same job under President Bill Clinton, will succeed Lawrence Summers. The New York Times reports.