Dick Bove, Rafferty Capital VP of equity research, reacts to the Fed's decision to give banks an extra 2 years to conform to the part of the Volcker Rule that would force them to sell "riskier" forms of debt.» Read More
Markets tend to slide when a new Fed chair takes over. Coincidence ... or curse?
WASHINGTON, Dec 3- Wall Street banks will get the final decision about a controversial ban on betting with their own money next week after years of debate, as three U.S. regulators each announced meetings to vote on the Volcker rule.
Nov 26- Ecuador's Socialist President Rafael Correa has often railed against allowing private trading firms to control the country's oil shipments, a top source of export revenue.
NEW YORK, Nov 18- The U.S. swaps watchdog is preparing to adopt the Volcker rule, which bans banks from gambling in financial markets with their own money, but has yet to reach agreement with four other agencies working on the provision, the agency's head said on Monday.
Federal Reserve Chairman Paul Volcker, is one of the most controversial pieces of post-crisis Wall Street reform. "I'm going to be providing the commissioners with a document by tomorrow," Commodity Futures Trading Commission Chairman Gary Gensler told journalists on the sidelines of an industry conference on Monday.
Discussing the Volcker Rule, U.S. Treasury Secretary Jack Lew stresses the need for it to be completed in order to restore confidence in financial markets.
WASHINGTON, Oct 30- U.S. regulators hope to vote in December on a rule that would bar banks from gambling with their own money, the nation's top derivatives regulator said on Wednesday, a sign that the controversial Volcker rule may soon become law.
WASHINGTON, Oct 30- U.S. regulators hope to vote in December on a rule that would bar banks from gambling with their own money, the nation's top derivatives regulator said on Wednesday, in a sign that the acrimonious process of writing the Volcker rule is drawing to an end.
A top Fed official said the need to bring down unemployment outweighed inflation concerns from the central bank's bond-buying stimulus program
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.