Topic: Paul Volcker
NEW YORK (Reuters) - The heads of the top U.S. stock exchanges have poured cold water on the Obama administration's plan to bar banks from proprietary trading. The chief executive of NYSE Euronext <NYX.N> said on Tuesday the president's plan falls short of targeting what caused the financial crisis, while his counterpart at Nasdaq OMX ...
WASHINGTON (Reuters) - The Obama administration's proposed "Volcker rule" could impact about 10 percent of Goldman Sachs <GS.N> net revenues, a senior executive of the Wall Street giant told a U.S. Senate committee on Thursday. His remarks came in the second of two hearings this week by the Senate Banking Committee on Obama administration proposals made ...
WASHINGTON (Reuters) - White House economic adviser Paul Volcker on Tuesday told Congress to curb risky investing by big banks, warning his soul would haunt lawmakers when the next banking crisis hits if they did not heed him now. The 82-year-old former Federal Reserve chairman, whose star is rising in the Obama administration, faced tough questions from lawmakers about the White ...
