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Windfall profits achieved despite Volcker rule limiting banks from betting their own money.

Windfall profits achieved despite Volcker rule limiting banks from betting their own money.

Firms under scrutiny include TFS-ICAP, Tullett Prebon and BGC Partners.

But they're not using the money for capital expenditures, they're just moving it to short-term investments.

But they're not using the money for capital expenditures, they're just moving it to short-term investments.

Head of quantitative strategy at Socit Gnrale says U.S. companies are massively overspending to finance buybacks, whose impact on stock prices is limited.