Banks Add $1.8 Billion of Mortgage Debt as Volcker Rule Approved

Banks Add $1.8 Billion of Mortgage Debt as Volcker Rule Approved

Jock Fistick/Bloomberg

The auction of mortgage securities acquired in the Dutch rescue of ING Groep NV during the financial crisis came a day after banks avoided their worst fears of the Volcker rule, with regulators approving a final version of the speculative-trading ban crafted to leave intact market-making operations that can also create losses for dealers.