Volcker Shift, Securities-Suit Deadlines, Biomet: Compliance

After a four-month lobbying blitz led by firms including Goldman Sachs Group Inc., JPMorgan Chase & Co. and Credit Suisse Group AG, there are signs that the fight over the Volcker rule may be shifting in Wall Street’s favor.

U.S. regulators and lawmakers are signaling they’re receptive to delaying and revising their plan, named for the former Federal Reserve Chairman Paul Volcker, to stop banks from making speculative trades on their own accounts. Representative Barney Frank, a Massachusetts Democrat and co-author of the 2010 law mandating the ban, urged regulators last week to simplify their first draft, while a bipartisan group of senators proposed pushing back its effective date.