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Why Wall Street Traders Aren’t Rejoicing (Yet) Over Volcker Rule

  • Proposed tweaks to ridiculed rule seen easing compliance costs
  • Yet traders still can’t place big bets with their firms’ cash
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Peabody Says Goldman Sachs Could Benefit From Volcker Rollback

Wall Street has long derided the Volcker Rule, complaining it’s so complex that traders would need to be psychoanalyzed to comply.

Now, banks are poised for a break, as authorities overhaul the fine print. Still it’s not exactly what traders wanted: A return to the golden era before 2008, when they could make big, bonus-boosting bets with their companies’ money.