Volcker Rule

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U.S. regulators looking at Volcker rule

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U.S. financial regulators on Monday discussed the Volcker rule governing banks' speculative trading, tackling one of Wall Street's biggest concerns and a sign President Donald Trump's administration is listening to banks' wishes about reforms resulting from the financial crisis.

Goldman said exonerates $250m trader

Goldman Sachs Blink

Goldman Sachs has conducted an internal review of transactions made by an employee who generated $250m trading junk bonds, finding that they didn’t violate a ban on buying and selling for the bank’s own account, according to people with knowledge of the firm’s actions.

Citi derivatives trading team bring in $300m

Citi Building Sign

A team of Citigroup derivatives traders generated about $300m of revenue this year, thriving from serving companies and investors trying to anticipate central bank decisions, according to people with direct knowledge of the matter.

Golden Goldman

Lloyd Fonzie Blankfein

Goldman Sachs generated about $10bn over the last five years from investments in funds, holdings that the firm is required to scale back because of the Volcker Rule.

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U.S. regulators looking at Volcker rule

U.S. financial regulators on Monday discussed the Volcker rule governing banks' speculative trading, tackling one of Wall Street's biggest concerns and a sign President Donald Trump's administration is listening to banks' wishes about reforms resulting from the financial crisis.