Banks have been increasing holdings of municipal bonds in recent years, but a proposal by the Fed, OCC, and FDIC would make munis less attractive.

Agreement between CFTC and EU grants short-term relief to MTFs, billed as 'an important step but far from the final one' on road to rules convergence.

Foreign exchange traders 'smell blood' as some emerging-market governments burn through foreign reserves in an effort to prop up their currencies.