Tag:
Volcker Rule
Latest Headlines
Latest Headlines
Goldman Sachs might benefit from Volcker Rule
The conventional wisdom on the Volcker Rule is that it would hit trading-intensive firms the hardest.
A JPMorgan analyst last year estimated that the rule would reduce U.S. bank’s revenue by up to 46 percent. Most assume that Goldman Sachs would be among the hardest hit, as it has long been on
Volcker Rule’s foreign bond exemption irks other countries
DealBook notes a little discussed exemption in the Volcker Rule, one that has not been well received by other countries.
“The rule says that United States banks--and possibly certain foreign banks that do business in America--would be restricted in trading foreign government bonds. Yet the
Dimon sounds off in interview
The famously combative Jamie Dimon granted FOX Business a lengthy interview, in which he pulls no punches.
The good news for his fans: When asked how long he intends to remain as CEO of JPMorgan Chase, he said, “Hopefully many years. I serve at the pleasure of the board who can fire me tomorro
Bair proposes alternative to Volcker Rule
The MF Global implosion provided a tempting opportunity to weigh in on the proposed, still-in-the-works Volcker Rule. No less than Sheila Bair, the highly respected former head of the FDIC, took the moment to offer her thoughts.
In a Fortune commentary, she notes that MF Global, which did
Clearinghouses boost OTC derivatives risk
We've noted in the past that financial regulation can have some unintended consequences. A good example is the Volcker Rule, which was designed to limit proprietary risk. But some sell-side clients
Volcker Rule could be looming disaster for investors
Not too long ago, Goldman Sachs CEO Lloyd Blankfein said he was quite sure that customers of big investment banks would rise up and vociferously oppose the Volcker Rule, joining with the banks themselves in an effort to modify the controversial rule. That is now coming to pass.
The final rule
Volcker Rule ushers in new era at Goldman Sachs
The conventional wisdom is that the Volcker Rule will hurt trading-intensive banks most severely, unless the rules are watered down at the eleventh hour.
So how exactly will Goldman Sachs, the uber-trader, fare in this new era? Not so well, according to a note from Brad Hintz, the respected Be
Citigroup invests in own hedge funds
Bloomberg notes that Citigroup has invested $800 million of shareholders money in the firm's own hedge funds. Wasn't that supposed to be a "no-no" under the Volcker Rule?
For the most part, the answer is yes. But the law does allow some prop investment in alternative funds. Banks can own u
An alternative to the Volcker Rule
Two professors at the University of Minnesota Law school have suggested that a simpler alternative to the Volcker Rule would be to require bank executives "to personally guarantee the debts of their firms in return for their high salaries and bonuses, or pay them with stock that is subject to a ca
The big picture on the Volcker Rule
It's easy to get bogged down in the minutiae of the Volcker Rule. There's a lot to parse in terms of all the exceptions and fancy new metrics required to make sure firms stay within the rules.
This is mind-boggling, barely penetrable stuff, reflecting the fact that Wall Street has made little
