Volcker Rule

According to a new Bloomberg article, a massive lobbying effort by Wall Street firms such as Goldman Sachs (NYSE: GS), J.P. Morgan Chase (NYSE: JPM), and Credit Suisse (NYSE: CS) has made an impact on lawmakers' plans for the Volcker rule. The legislation is designed to curb speculation by Wall...

J.P. Morgan (NYSE: JPM), the New York-based investment bank, reported third quarter earnings of $1.02 per share on $24.37 billion in revenues. That is better than what Wall Street had been expecting. Wall Street expected earnings of 96 cents per share on $23.73 billion in revenues. J.P. Morgan...

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that, “The financial services committee run by Congressman Spencer Bachus plans to hold hearings on the Volcker rule's impact on Wall Street sometime in November.” Excerpts from the report are below, courtesy of Fox Business...