​Big banks to get reprieve from Volcker rule


Federal bank regulators on Wednesday unveiled a sweeping plan to soften the Volcker Rule, opening the door for banks to resume some trading activities restricted as part of the 2010 Dodd-Frank law. The changes would give the largest banks significant freedom to engage in more complicated — and possibly riskier — activities by allowing Wall Street firms to determine which trading they view as permissible under the rule.

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