Bank stocks soar after FDIC relaxes key Volcker Rule restrictions

New York Federal financial regulators said Thursday they plan to make it easier to let banks invest in venture capital funds and also relax some limitations on derivatives trading. The moves, a loosening of some of the more onerous parts of the so-called Volcker Rule, lifted bank stocks.

The Volcker Rule, part of the broader Dodd-Frank bill enacted in 2010 following the meltdown of big banks in 2008, sought to crack down on risky behavior by Wall Street firms. It was named after former Federal Reserve chair Paul Volcker, who passed away in December. Many banks and brokerages were using their company's own money to invest in derivatives such as mortgage-backed securities and other complex financial instruments.

Former Fed chair Paul Volcker dead at 92 01:37But the Federal Deposit Insurance Corporation along with the Fed, Office of the Comptroller of the Currency, Securities and Exchange Commission, and Commodity Futures Trading Commission, said Thursday that was issuing a new rule to modify and clarify some of these restrictions.

Apparently stock pickers forget that banks suck at derivatives and anything else involving 'tranches.' Or maybe the stocks are up because the shorts are digging into this feast of incompetency. BearStearns bankofAmerica, theoriginaltanmanCountrywide yay!

Please help share/donate, she desperately needs our help getting into inpatient treatment for her severe anorexia. Thank you! Mentalhealth anorexia gofundme

JFC they learned nothing

The Trump whisperers are out on full force from the DOJ and now the Federal Reserve.

What could possibly go wrong? 😒

CNN is working for the deep state people!!!! Open your eyes I used to only watch cnn untill I did my own research and really saw what’s going on

Covfefe needs a miracle to win and miracles are hard to come by: Joe Biden holds a whopping 14% lead! Imagine. Anyway. 4 more months to go before the fat lady would sing on November the 4th. Till then.. Hasta luego.

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Bank stocks reverse higher as regulators ease Volcker Rule, JPMorgan Chase rises 2%Yes, our government screwing the public again for the benefit of banks and the 1%. Sure, lets ease banking regulations during a economic downturn. This won't end badly. I’m so grateful to you innaprokhorova_ I never thought Earning cash could be this easy,I earned over $60k on my first 7days of trading
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stocks Turn Positive After Bank Regulators Ease Volcker RuleStocks are higher this morning, with markets initially taking a hit from disappointing unemployment data but rebounding after banks jumped on news that they will get easier regulations by skleb1234 skleb1234 GRAB A COPY OF A GREAT BOOK, 'The Mafia CEOs', written by Edward E. Sunday. ORDER your copy NOW!! Amazon ebooks skleb1234 Can someone explain why? Everything’s going to sh|t. I get the SM is no longer a barometer of the economy but this is mad - it doesn’t feel like a buying opportunity given the massive uncertainty ahead.
La source: Forbes - 🏆 394. / 53 Lire la suite »

Bank Stocks Surge As Regulators Ease Volcker Rule, Morgan Stanley Jumps Over 2%U.S. regulators are continuing their push to roll back restrictions instituted in the wake of the 2008 financial crisis. GRAB A COPY OF A GREAT BOOK, 'The Mafia CEOs', written by Edward E. Sunday. ORDER your copy NOW!! Amazon ebooks
La source: Forbes - 🏆 394. / 53 Lire la suite »

Bank Stocks Surge As Regulators Ease Volcker Rule, Morgan Stanley Jumps Over 2%Bank stocks surged after federal regulators announced they plan to roll back post-financial crisis restrictions, including the Volcker Rule which prevent banks from making large investments into certain funds by skleb1234 skleb1234 GRAB A COPY OF A GREAT BOOK, 'The Mafia CEOs', written by Edward E. Sunday. ORDER your copy NOW!! Amazon ebooks skleb1234 This is a move purely based in greed that will have negative consequences down the road. skleb1234 ENRON. Dow Economy economics MonetaryPolicy wef
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Bank stocks surge after regulators ease financial crisis-era Volcker Rule - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The circle is closing in on us.
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