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Paul Volcker

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  • Council urges tighter capital standards for US banks Friday, 5 Oct 2012 | 12:02 AM ET

    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.

  • UPDATE 1-Volcker to appear before UK bank commission Tuesday, 2 Oct 2012 | 6:18 AM ET

    *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.

  • UPDATE 1-UK Stocks-Factors to watch on Oct. 2 Tuesday, 2 Oct 2012 | 2:38 AM ET

    *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.

  • UK Stocks-Factors to watch on Oct. 2 Tuesday, 2 Oct 2012 | 1:55 AM ET

    *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.

  • United States Federal Reserve

    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.

  • Bart Chilton | Commissioner U.S. Commodity Futures

    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.

  • JPMorgan Sought Loophole on Risky Trading Saturday, 12 May 2012 | 7:29 AM ET
    Jamie Dimon testifying before House Financial Services Committee

    Soon after lawmakers finished work on new financial regulations, JPMorgan lobbyists descended on Washington. Their goal was to obtain special breaks that would allow banks to make big bets in their portfolios. The New York Times reports.

  • 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.

  • Munger, Buffett on the Volcker Rule     Monday, 7 May 2012 | 6:50 AM ET

    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."

  • Volcker Rule: CNBC Explains Thursday, 19 Apr 2012 | 3:44 PM ET
    Former U.S. Federal Reserve Chairman Paul Volcker

    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.

  • 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.

  • Busch: Volcker Rule Delayed is an Upside for Banks Wednesday, 21 Mar 2012 | 10:43 AM ET

    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.

  • SIFMA Urges Changes to Volcker Rule     Monday, 13 Feb 2012 | 11:50 AM ET

    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.

  • New Rules on Swaps Will Protect Big Traders Thursday, 12 Jan 2012 | 11:01 AM ET

    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.

  • A cashier rings up a customer's groceries at a Bharti Walmart wholesale store in Zirakpur, India.

    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.

  • The Goldman Sachs booth on the floor of the New York Stock Exchange

    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.

  • Banking Industry Revamp Moves Step Closer to Law Wednesday, 12 Oct 2011 | 9:51 AM ET
    Wall Street sign

    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.

  • Delta One Desks Are Big Moneymakers Friday, 16 Sep 2011 | 3:43 AM ET
    NYSE trader

    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.