Also written by Matt Egan:
Dell Shareholders Approve $24.9B Go-Private Deal
x hide permanently

Wall Street Hates the Volcker Rule. Will Trump Finally Kill It?


The Volcker Rule Explained Big banks shouldn't act like hedge funds by making dangerous bets that can ruin the economy. That's the principle behind the Volcker Rule, a controversial part of the post-crisis Wall Street reform. The rule prohibits banks like Goldman Sachs or JPMorgan from making risky wagers with their own money and bans them owning big stakes in hedge funds or private-equity firms. The banks hate it...

Mentions: Dodd-Frank