Tag Archives: Volcker Rule

Citigroup Moves Trader Putcha to Help Internal Hedge Fund

Donal Griffin of Bloomberg News reports that Citigroup Inc. (C) has moved Ramakrishna Putcha, a former proprietary trader, into an internal hedge fund that makes bets with about $200 million of the firm’s money after the portfolio slid 14 percent … Continue reading

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JPMorgan Trading Loss Shows Danger In Bank Size -Volcker

Reuters – June 7, 2012 NEW YORK, June 7 (Reuters) – Former Federal Reserve Chairman Paul Volcker said JPMorgan Chase’s recent multibillion-dollar trading loss may show that the nation’s largest banks are too big to manage. JPMorgan revealed last month … Continue reading

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Defining the Future of Prop Trading

As reported by Advanced Trading’s  Ivy Schmerken, as regulators delay writing the final rules for the sweeping Dodd-Frank financial reforms, the Volcker Rule’s ban on proprietary trading continues to cause confusion among the investments banks that must comply with the rule. … Continue reading

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