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The Volcker Rule Is About to Lose Some of Its Bite

  • Regulator votes Wednesday on plan to revise trading constraint
  • Coming overhaul among Wall Street’s biggest wins under Trump
Bloomberg business news
Charles Peabody, an analyst at Portales Partners, discusses how a rollback of the Volcker rule will impact big banks.(Source: Bloomberg)
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Wall Street’s long campaign to chip away at the toughest trading restriction imposed on banks after financial crisis is finally paying off under President Donald Trump.

The Federal Reserve Board, now led by Trump appointees, will meet Wednesday to start rolling back the Volcker Rule, a regulation that was key to Washington’s efforts to make the industry safer following the 2008 meltdown.