Finalized in mid-December, the Volcker Rule prohibits banks from engaging in speculative securities trading, also called proprietary trading. Banks must demonstrate that every derivatives trade they make is designed to hedge a specific risk—except for trades made on behalf of clients. The banks’ CEOs must attest to their compliance with the rule.
Corporate Securities columnist John C. Coffee Jr. writes: Spotify is proceeding with the first “Underwriter-less” IPO that the New York Stock Exchange has seen in modern times. Will it attract other “unicorns”?
May and Carney fire back at Barnier over trade deal warning.
3 trends that will likely affect global currency markets next year.
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