Why Wall Street Traders Aren’t Rejoicing (Yet) Over Volcker Rule
- Proposed tweaks to ridiculed rule seen easing compliance costs
- Yet traders still can’t place big bets with their firms’ cash
Peabody Says Goldman Sachs Could Benefit From Volcker Rollback
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Wall Street has long derided the Volcker Rule, complaining it’s so complex that traders would need to be psychoanalyzed to comply.
Now, banks are poised for a break, as authorities overhaul the fine print. Still it’s not exactly what traders wanted: A return to the golden era before 2008, when they could make big, bonus-boosting bets with their companies’ money.