The Volcker rule puts additional burdens on banks to continuously evaluate their efforts to mitigate risks, but allows hedging in specific circumstances, according to a draft of the rule.
WASHINGTON - The wealth of Americans reached a nominal record high during the summer, buoyed by surging stock prices and a healthy recovery in home values.
The stock market posted slight gains on Monday, following up on its rally in the previous trading session after the job market showed some strength.
The euro traded near its highest in almost six weeks against the dollar before data today forecast to show a rebound in French industrial production.
WASHINGTON - Financial regulators and industry officials said Monday they have made progress in efforts to safeguard financial institutions from the kind of cyberattacks that disrupted large-bank websites last year but much work remains.