TITLE

Banks Read Tea Leaves In 'Volcker Rule' Fight

AUTHOR(S)
Landy, Heather
PUB. DATE
February 2010
SOURCE
American Banker;2/5/2010, Vol. 175 Issue F305, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that many large financial companies have begun to divest themselves of hedge fund, private equity and proprietary trading businesses in anticipation of the passage of the Volcker rule. Although passage of the rule is in doubt, it is speculated that the financial institutions believe that regulations will curtail involvement with such businesses in any event.
ACCESSION #
47893605

 

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