Volcker Rule Blame Game Begins

Perhaps one of the silver linings to emerge from the Volcker rule's implementation will be that some banks will be forced to finally do some needed cleanup work on their financial statements.

It turns out that a good-sized chunk of Zions Bancorp's earnings existed only in its executives' minds. For this nugget of knowledge, we can thank the Volcker rule. Or at least that's what the bank is blaming for its newfound losses.

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