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Opening Bell: 05.17.12

White House Steps Up Push To Toughen Rules On Banks (WSJ) White House officials have intensified their talks with the Treasury Department in the days since J.P. Morgan’s losses came to light, these people say—representing the first tangible political impact from a trading mess that has cost one of the nation’s most prominent banks more than $2 billion…White House and Treasury officials are still determining whether the Volcker rule would have prevented the losses at J.
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Morning Agenda: Bank of America Posts a Loss

Business & Finance : DealBook (15 hours ago)

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Business & Finance : Zero Hedge (14 hours ago)

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Business & Finance : Business Insider: Clusterstock (4 years ago)

The Treasury Department has been scrambling to figure out what the new proposals unveiled by Barack Obama last week limiting the size and scope of banks. The proposals came out of the White House rather than the Treasury Department.... Read Post


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