Federal banking regulators eased restrictions on investments that large banks can make on Thursday, including the so-called "Volcker Rule," sending bank stocks surging.
Federal banking regulators eased restrictions on investments that large banks can make on Thursday, including the so-called "Volcker Rule," sending bank stocks surging.
Officials from the Federal Deposit Insurance Commission said on a call that they are loosening the restrictions from the Volcker Rule, allowing banks to more easily make large investments into venture capital and similar funds, and also allowing banks to avoid setting aside cash for derivatives trades between different affiliates of the same firm.
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