Doubts grow about inclusion of Volcker rule in Senate bill

paulvolcker

The White House sent legislative language outlining its contentious 'Volcker rule' to Congress on Wednesday, which is designed to prevent bank holding companies from engaging in proprietary trading. However, doubts remain about the need for such a rule, with increasing numbers of participants speculating it will be scrapped.

A six paragraph summary of the legislative proposal offered some additional detail on what was originally announced by President Obama on January 21. The document proposes

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