Posts Tagged ‘Citigroup
Soros on Volcker Rule: “I Back It”
Billionaire investor George Soros says maybe there might be something to the notion that the banking “oligopoly” formed by the four largest banks in the U.S. needs to be broken up. The so-called Volcker rule, named after Obama adviser and former Chairman of the Federal Reserve Paul Volcker, proposes, among other things, to limit the [...]
$650B Fund Managing Sheikh Found Dead
The body of the Abu Dhabi royal who oversaw the world’s largest sovereign wealth fund, the $650 billion Abu Dhabi Investment Authority, was pulled out of a Moroccan lake four days after his glider vanished last week. Sheikh Ahmed bin Zayed al-Nahyan, younger brother of the United Arab Emirate’s ruler, was ranked #27 on Forbes [...]
Volcker Rule May Help Out Hedge Funds
Thanks to regulatory pressure resulting from a new proposal known as the Volcker rule many hedge funds may be recruiting traders away from big U.S. banks. The legislation, proposed by President Obama and named after former Federal Reserve Chairman/present Obama adviser Paul Volcker, would require financial institutions engaged in proprietary trading to disclose more information [...]
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