Business | Nation

High Stakes For Banks As Volcker Rule Is Finalized

NPR | Dec. 10, 2013 9:11 a.m.

Contributed By:

Jim Zarroli

Federal regulators on Tuesday unveil and vote on a final version of the so-called Volcker Rule. It’s part of the Dodd-Frank regulatory overhaul and prohibits banks from trading stocks, bonds and derivatives for their own accounts. Defining what the rule covers has taken years of work.

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