CFTC Commissioner Bart Chilton says the Volcker Rule was needed to stop risky trades.
Federal regulators have given final approval to the Volcker Rule, intended to reduce risky activity by banks.
Ben Bernanke, Martin Greunberg and four other top regulators are named in a new lawsuit for the unsuccessful enactment of the Volcker rule.
Regulators have yet to finalize the Volcker Rule, but banks will need to be fully compliant with the law by July 21, 2014.
Not surprisingly, this election year will shape up to be an ideological battle royal between proponents of free-market capitalism and those that would impose some constraints on unfettered capitalism in the form of regulation. Back in 2010, the Dodd-Frank Act was passed in order to address some of the abuses by financial institutions that led
This week, MetLife agreed to sell its online banking operations to General Electric. From Ben Berkowitz and Tanya Agrawal at Reuters: General Electric Co agreed to buy life insurer MetLife Inc’s online bank on Tuesday, in a deal that will let GE’s capital arm expand its funding base and lessen reliance on wholesale markets. The