The fight over the Volcker rule is shifting in Wall Street's favor.
After a four-month lobbying blitz led by firms including Goldman Sachs Group Inc., JPMorgan Chase & Co. and Credit Suisse Group AG, U.S. regulators and lawmakers are signaling they're receptive to delaying and revising their plan to stop banks from making speculative trades on their own accounts.
Representative Barney Frank, a Massachusetts Democrat and co-author of the 2010 law mandating the ban, urged regulators last week to simplify their first draft, while a bipartisan group of senators proposed pushing back its effective date.
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