The New York Times, May 30, 2018: Big banks to get a break from limits on risky trading
Big banks are getting a big reprieve from a postcrisis rule aimed at curbing risky behavior on Wall Street.
Federal bank regulators on Wednesday unveiled a sweeping proposal to soften the Volcker Rule, a cornerstone of the 2010 law that was enacted after the financial crisis to rein in risky trading. The change would give Wall Street banks more freedom to make their own complex bets — activities that can be highly profitable but also leave them more vulnerable to losses.
