People seem to agree that the multi-billion dollar trading fiasco at JPMorgan Chase has huge implications for the Volcker Rule, but no one seems to know exactly what those implications are.
I've said it before, and I'll say it again: There's a fine line between proprietary trading and hedging.
Few industries have suffered like the financial services industry has recently.
Goldman Sachs CEO Lloyd Blankfein, one of the most sought after interviews in the financial media industry, granted an interview with Bloomberg TV, and the results were quite interesting.
What was the last great commercial novel to be inspired by Wall Street?
The so-called global settlement between the SEC and top investment banks in 2003 sought to create a firewall between investment bankers and stock research analysts, which had become tools of bankers in the dot.com bubble.
The earnings picture has improved for the big bulge bracket banks.
Bernard Madoff is lonely in prison, but at least one person is keeping in touch with him.
When Goldman Sachs announced its much-ballyhooed reform of its business practices in January 2011, it was regarded cynically in some quarters.