Investment banks are working around new regulations restricting them from putting their own capital into short-term investments: The Wall Street institutions are sidestepping the Volcker Rule by making direct purchases of securities, companies and properties, which are considered longer-term investments.
Continue reading Banks Exploit Loophole in Volcker Rule with Longer-Term Bets
Banks Exploit Loophole in Volcker Rule with Longer-Term Bets originally appeared on DailyFinance on Thu, 11 Nov 2010 16:19:00.
Filed Under: Economy, Investing, JP Morgan Chase, Goldman Sachs , Morgan Stanley , Biz Brief