Quantcast

Regulators to ban banks trading for profit

WASHINGTON — Banks would be barred from trading for their own profit instead of their clients under a rule federal regulators proposed Tuesday. The Federal Deposit Insurance Corp. backed the draft rule on a 3-0 vote. The ban on so-called proprietary trading was required under the financial overhaul law. For years, banks had bet on risky investments ...

Leave a Reply

Your email address will not be published. Required fields are marked *

*