Posts Tagged “Volcker Rule”

Goldman Sachs isn’t letting that pesky Volcker Rule scare it out of trading

by Wall Street Job Report on April 4, 2014

You’re going to have to tear it from their cold, dead fingers. Goldman Sachs’ head honchoes—president Gary Cohn and chief executive Lloyd Blankfein (pictured above)—aren’t giving up the ghost on the firm’s bread-and-butter business of trading fixed income, currencies and commodities. At least (…)

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U.S. Banks to Make Another Push Against Volcker Rule

by Wall Street Job Report on December 13, 2012

Volcker rule opponents are making their case for alternatives to the proprietary trading ban at a U.S. House Financial Services Committee hearing as regulators move closer to completing work on the Dodd-Frank Act measure.

Libyan Authorities Make Arrests in Benghazi Attacks and Other Top Stories on The Street for Sept. 14, 2012

by Kyle Colona on September 14, 2012

Libyan Authorities Make Arrests in Benghazi Attacks Libyan authorities made arrests in the apparent terrorist attack on the US consulate in Benghazi that left US ambassador Chris Stevens and three state department staffers dead. The news followed a call by (…)

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The Real Costs of Running Your Own “Prop Shop”

by Kyle Colona on June 28, 2012

The Volcker Rule is forcing many firms to spin off their proprietary trading units and traders are moving to set up their own so-called prop shops.

JPMorgan CIO Invested In LightSquared: What Were They Thinking?

by Beth Connolly on May 25, 2012

The Chief Investment Office of JPMorgan Chase, which recently made worldwide news headlines by losing $2 billion of the bank’s money in bad synthetic hedges, also invested in LightSquared and other questionable ventures.

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