Volcker fires back on prop trading
Paul Volcker is set to launch a strong defence of banning proprietary trading in a comment letter on the rule which bears his name, says the WSJ. The Volcker rule would stop investors bidding up asset...
View ArticleVolcker defends Volcker
UPDATE: FT.com has just pubbed a Volcker op-ed, this one directly responding to European critics of his rule. A few lines: There is a certain irony in what I read. In Europe, there are plans to...
View ArticleUS banks push ETF exemption under Volcker
US banks are pushing for their activities around exchange-traded funds to be exempt under the so-called Volcker rule, the FT says, highlighting the importance of the funds as a tool for the big...
View ArticleRegulations… and optimism
For this, our final post covering FT Alphaville’s meeting with Yves Smith of Naked Capitalism, we asked her about the regulations that have arisen from the ashes of the financial crisis. Not wanting to...
View ArticleStar JPMorgan trader to set up own fund
JPMorgan’s head of global proprietary trading will lead what is likely to be one of the biggest hedge fund launches of 2012, as a team of the bank’s prop traders depart ahead of the Volcker Rule, the...
View ArticleJP Morgan’s giant unwitting catalyst trade
For those new to the story, Bloomberg and WSJ reported on Friday that a handful of hedge funds and dealers claimed that a trader in JP Morgan’s Chief Investment Office has been selling so much...
View ArticleShamu in the swimming pool
Hedge funds are not happy. Don’t everyone run to their defence at once now.Continue reading: Shamu in the swimming pool
View ArticleLet’s talk about Goldman’s prop-trading
GOLDMAN SACHS HAS A SECRET PROPRIETARY-TRADING UNIT THAT IS RISKING THE BANK’S OWN CAPITAL BY MAKING INVESTMENTS AND CEO LLOYD BLANKFEIN SAID GOLDMAN WASN’T PROP-TRADING ANYMORE AND THAT IS WRONG AND...
View ArticleWhat do you want? The Volcker Rule! When do you want it? Last summer when you...
It’s Friday quiz time! Ready? Here goes: Take a couple of clued-up Brooklynites in their 30s. Add section §619 of Dodd-Frank, aka the “Volcker Rule”. Now throw in a lawyer. What do you get? [Hint: It's...
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Zions Bancorp and some biblical bank accounting
“We haven’t forgotten who keeps us in business,” reads the slogan on the website of Zions Bancorp, Utah’s biggest bank.Continue reading: Zions Bancorp and some biblical bank accounting
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