Paul A. Volcker, the former Federal Reserve chairman, pushed his plan on Tuesday to restrict the investment activities of large banks, telling the Senate Banking Committee that there was no "rationale for public funds - taxpayer funds - protecting and supporting essentially proprietary and speculative activities."
A new phase in the markets began this month. The Federal Reserve ended its QE3+ purchases. The Bank of Japan unexpectedly and dramatically stepped up its asset purchases under its QQE operations. The government's largest pension fun... Read Post
A proposal by former Federal Reserve Chairman Paul Volcker to limit bank's proprietary trading will be either be dropped or significantly modified in the Senate,... Read Post
On Tuesday, Senate Banking Committee Chairman Christopher Dodd (D-CT) voiced concern over the so-called Volcker Plan during a committee hearing. The proposal, brainchild of former Federal Reserve Chairman Paul Volcker, has been cham... Read Post