Dec 10 2013 | 3:05pm ET
Six years after the financial crisis began and more than three since it was mandated by Congress, U.S. regulators have approved the Volcker rule, barring banks from proprietary trading and strictly limiting their alternative investment activities.
The Commodity Futures Trading Commission, Federal Deposit Insurance Corp., Federal Reserve Board and Securities and Exchange Commission all voted to approve the rule today. The Fed also approved an extension giving banks until July 2015 to come into compliance with the new regulation.
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…