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Banking money fuels senators who want to slow down Volcker
By Nancy Watzman Mar 22, 2012 6:33 p.m.The six senators who introduced legislation Thursday to slow down implementation of the "Volcker rule," designed to prohibit banks from profiting from trading on their own accounts, are the recipients of ample amounts of campaign cash from the financial industry.
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Big banks press financial agencies on Volcker rule
By Nancy Watzman Feb 14, 2012 12:42 p.m.Big banks paid calls on federal financial agencies in the days leading up to Monday's midnight deadline for the public to submit comments on the controversial Volcker rule, a provision of the Dodd-Frank financial regulatory legislation meant to prohibit banks from using customers' money to make risky bets on the market.
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