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Bankers Brace For The Volcker Rule

Thursday, December 5, 2013 - 6:02 PM
With less than a week before regulators vote on the Volcker Rule, Wall Street firms are anxious that the regulation inspired by the financial crisis could wreck the profits they earn from trading. Bloomberg reported today that the Wall Street banks pull in $44 billion a year from making markets and quotes three senior U.S. bankers who are “wondering whether they’ll have to change practices or curtail business in some less-liquid markets.”

Will the Volcker Rule Crimp Wall Street Profits? - Businessweek
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