Friday, May 11, 2012

Volcker rule

  • U.S. lawmakers and interest groups favoring tighter restrictions on proprietary trading said JPMorgan Chase Co. (JPM) (JPM)'s $2 billion loss on synthetic credit securities bolsters their case.
  • (Businessweek)
  • According to the Securities and Exchange Commission (SEC) filing, The Goldman Sachs Group Inc. (GS) has stepped forward to comply with the 'Volcker Rule', which is anticipated to be implemented on July 21, 2012.
  • (Yahoo Finance)
  • According to the Securities and Exchange Commission (SEC) filing, The Goldman Sachs Group Inc. ( GS) has stepped forward to comply with the Volcker Rule, which is anticipated to be implemented on July 21, 2012.
  • (Analyst Blog - NASDAQ)
  • Notable critics of big banks, including Sheila Bair and Thomas Hoenig could have some new ammunition due to the $2 billion trading loss announced by J.P. Morgan Chase Co. Thursday night.
  • (Wall Street Journal)
  • WASHINGTON _ The senators behind the Volcker Rule warned Friday that regulators implementing it have proposed a loophole that would have allowed JPMorgan Chase Co.'s $2-billion trading loss. That loophole should be closed, said Sen.
  • (Boston Herald)
  • FEW WALL STREET institutions enjoy greater prestige than JPMorgan, whose $2.3 trillion in assets make it the largest U.S. commercial bank.
  • (Washington Post)
  • NEW YORK – JPMorgan Chase Co.'s stunning $2-billion loss serves as a "wonderful poster boy for the Volcker rule," a leading securities law expert said.
  • (Los Angeles Times)
  • WASHINGTON—J.P. Morgan Chase Co.s trading loss reignited the political debate over the difference between a commercial banks need to hedge its positions to reduce risk and profit-seeking gambling.
  • (Wall Street Journal)
  • The Volcker Rule, loathed by many bankers, still has the support of an influential Wall Street critic: Paul A. Volcker.
  • (New York Times)
  • WASHINGTON (MarketWatch) — Two key Democratic senators on Friday pressed regulators including the Federal Reserve to tighten up rules they are writing to prohibit speculative trading by big banks in the wake of J.P. Morgan Chase Co.
  • (Marketwatch)

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