Fed releases plan to ease Volcker Rule trading limits
Wall Street’s long campaign to chip away at the toughest trading restriction imposed on banks after the financial crisis is finally paying off under President Donald Trump.
The Federal Reserve Board, now led by Trump appointees, is set to take the most concrete step yet to roll back the Volcker Rule, which was key to Washington’s efforts to make the industry safer after the 2008 meltdown. The Fed’s vote, scheduled for Wednesday, would kick off an administrative process aimed at
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