Big-bank CEOs say U.S. corporations need big banks to operate, but corporate insiders aren’t so sure.
Banks will have an extra month to try and influence how regulators will implement the Volcker rule. From Cheyenne Hopkins at Bloomberg: U.S. regulators will extend the comment period for the so-called Volcker rule, giving lawmakers and banks more time to seek changes in the proposed ban on proprietary trading, said a government official familiar
Even if he weren’t 6-foot-7, Paul Volcker would be a towering figure. There is, of course, his tenure as Federal Reserve chairman from 1979-87, when some of his toughest anti-inflation policies produced demonstrations in the streets of Washington. But there is also his work in other fields, including helping track the assets of Holocaust victims,