Brenda Clarke, a single mother of three on Long Island, New York, said looters at the foreclosed home next door stoked her deepest fears about getting evicted.
Paul Volcker said he wasn’t involved with writing the final version of the rule that bears his name, staying abreast of developments from a distance as regulators crafted details of his curbs on trading ...
Final votes on the Volcker rule yesterday meant the work was just beginning for Satish Kini, co- chairman of the banking group at law firm Debevoise & Plimpton LLP in Washington.
Financial regulators adopted the Volcker Rule, restricting banks' trading for their own accounts.
So next up we have Citigroup. Since John was here last December, Citi has made tremendous strides. It completed a very successful SICA process, where the Fed’s analysis showed, they have the most excess capital of any of the large cap banks, they reduced losses in Citi Holdings and they made considerable progress on the $1.1 billion restructuring plan, which John announced at this conference last year. John has been at Citigroup since 1990.
As part of a raft of new coverage published this afternoon, Citigroup's Ehud Gelblum, who joined the firm in October after several years at Morgan Stanley, assumes coverage of BlackBerry (BBRY) from Jim Suva, replacing Suva's Neutral rating with a Sell rating, and a $4 price target, down from Suva's $7 target, writing that "we believe that Blackberry remains challenged as a going concern and continues to be worth more in a breakup scenario, a strategy that current management does not appear to be following." (In case you were wondering, Suva is still with Citigroup; his coverage has shifted to exclusively following IT supply chain firms and IT hardware.) Shares of BlackBerry today closed up 22 cents, or 4%, at $5.97, after being in the red most of the day and spiking late in the session. But he also thinks the cost to shut down the business might not be worth it: We believe that Blackberry remains challenged as a going concern, and continues to be worth more in a breakup scenario, especially with Windows Mobile now looking like it is becoming more established as a 3rd ecosystem behind Android and iOS leaving little room for either Blackberry's BBOS or BB10.
MarketWatch live-blogged the unveiling of the Volcker Rule, the rule prohibiting proprietary trading by banks.
Volcker rule likely to force banks to be very cautious, analysts say.
Final votes on the Volcker rule today meant the work was just beginning for Satish Kini, co- chairman of the banking group at law firm Debevoise & Plimpton LLP in Washington.
Most big bank stocks held up quite well, despite the release of the long awaited regulations to implement the Volcker Rule's ban on proprietary trading.
The U.S. Department of Treasury has recovered a total of $39 billion as it completed the divestment of its remaining stake in General Motors Company
The final regulations to enforce the Volcker Rule were leaked to the Wall Street Journal ahead of regulators' scheduled 'vote.'