A "tougher" Volcker Rule -which limits how banks can trade their own money-being touted around Washington looks to take aim at executives, should the firms have lapses in oversight, according to people familiar with the matter.
Wall Street banks, which already shut proprietary trading units that helped fuel record profits, are girding to learn next week how much revenue the Volcker rule may cut from the $44bn they say comes from market-making.
Goldman Sachs is looking to raise up to $600 million for a publicly-traded credit fund that will provide loans to mid-sized companies.
A storm in a tea-cup ?
Of the many Dec. 31 deadlines facing Washington, at least one is getting pushed out, according to regulatory officials: The final draft of the Volcker Rule.
Securities and Exchange Commission Chairman (SEC) Mary Schapiro spoke with FOX Business Network (FBN) about the highly controversial Volcker Rule and about her plans for the future.
In 'Word on the Street', Bloomberg's Stephanie Ruhle notes that Wall Street is ready to take advantage of a growing rift between regulators on the definition of market making in the Volcker Rule.
Yet another big challenge facing the industry.
Gigi Stone reports Wednesday's top headlines.
Rules, regulations and red tape.