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ABA threatens to sue regulators over Volcker Rule

Paul Volcker Interview Pic

The American Bankers Association said it will file a lawsuit challenging the Volcker Rule unless regulators agree to suspend portions that restrict certain collateralized debt obligations of trust-preferred securities, American Banker reported Monday.

Goldman Sachs latest to ban chatrooms


Investment bank Goldman Sachs has become the latest major financial institution to ban its dealers from using multilateral online chatrooms, a source familiar with the matter said on Friday.

Bond traders face shrinking comp

Wall Street sign

These should be good times for Wall Street bond departments. Central banks are pumping unprecedented amounts of money into the financial system to keep borrowing rates low and boost economic growth.




The world's rich have just got less charitable

The number of global million-dollar donations to charity shrunk in 2014 by close to $3 billion as U.S. giving dropped, and the number and total value of donations stubbornly stayed below pre-crisis levels, according to research.