Matt Levine, Columnist

First Volcker Victim? Zions Dumping Its Hedge Funds

My interests include footnotes and the Volcker rule. Here is a story about footnote 1861 to the Volcker rule. So, y'know.

December 16, 2013 at 11:08 PM UTC

By Matt Levine

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Two things that I took away from Zions Bancorporation's run-in with the Volcker rule today are:

1. I seem to have been wrong about one important effect of the Volcker rule, and
2. Zions had a conference call in which its chief financial officer said "we got to that conclusion in part by looking at footnote 1,861," so now my dream in life is to have a bank chief financial officer cite a four-digit-numbered footnote of mine; look forward to that.