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Wall Street wary of 'hunger bonds'

Oliver Twist

The Venezuelan debt that Goldman Sachs bought last month may be known as “hunger bonds” to many in the international community, but they’re earning a different moniker on Wall Street: repudiation bonds.

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.

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Oliver Twist

Wall Street wary of 'hunger bonds'

The Venezuelan debt that Goldman Sachs bought last month may be known as “hunger bonds” to many in the international community, but they’re earning a different moniker on Wall Street: repudiation bonds.