Latest Paul Volcker News

FILE - This May 22, 2020 photo shows the Federal Reserve building in Washington.  The Federal Reserve and four other bank regulatory agencies announced on Thursday, June 25,  that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas as hedge funds. The announcement of the easing of regulations know as the “Volcker Rule” gave an immediate boost to bank stocks because the rule change could free up billions of dollars in capital in the banking industry.(AP Photo/Patrick Semansky, File)

Federal banking agencies ease Volcker Rule restrictions

Jun. 25, 2020 3:34 PM EDT

WASHINGTON (AP) — The Federal Reserve and four other regulatory agencies announced on Thursday that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas as hedge funds. The announcement of the easing of regulations know as the...