Analysis: Banks take pre-emptive steps on proprietary trading

10/7/2010 | Reuters

Goldman Sachs, JPMorgan Chase and other major banks are reining in their proprietary-trading businesses to prevent regulators from taking more draconian steps as they craft details of the "Volcker rule." Time will tell whether the banks are successful, according to Reuters, because regulatory agencies are under intense pressure to crack down on the industry, particularly risky endeavors.

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