Inside these posts: Volcker rule

Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.

 
Jan. 10 at 1:20 p.m.
Comments Off
Filed under: Investing

Morgan Stanley to spin off trading unit

By Reuters

Morgan Stanley will spin off its proprietary trading business into an independent firm in 2012, joining a host of Wall Street banks scrambling to comply with new rules that bar making market bets with their own capital. Get the full story »

Nov. 11, 2010 at 11:55 a.m.
Comments Off
Filed under: Banking, Investing, Policy

Report: Wall Street firms find Volcker loophole

By Reuters

U.S. banks have found a way to continue betting their own money on some investments, despite a new law’s restrictions on proprietary trading, the Financial Times reported on Thursday, citing Wall Street executives. Get the full story »

Nov. 8, 2010 at 10:21 a.m.
Comments Off
Filed under: Investing, Policy, Politics

Wall Street lobbying group targets ‘Volcker rule’

By Reuters

Wall Street’s lead lobbying group said on Monday it wants to help shape the “Volcker rule” on risky bank trading, among many other provisions, as the biggest financial reforms since the 1930s are implemented. Get the full story »

Sep. 3, 2010 at 1:49 p.m.
Comments Off
Filed under: Banking, Government, Investing

Goldman closing trading desk under reform rules

By Reuters

Goldman Sachs Group Inc. is closing its principal strategies desk as it works to comply with new U.S. rules on proprietary trading, Bloomberg News reported Friday.

The report, citing two people with knowledge of the decision, said Goldman would delay announcing the move as 65 to 70 members of the unit sought new jobs. Some traders and support staff could be reassigned in the firm, and a team in Asia could look to start a new hedge fund, it said. Get the full story »