Big Banks

Big Banks Aren’t Looking So Pretty

Congress passed a bill last month that will let banks continue to engage in the trading of risky assets known as derivatives in-house. That move undoes one of the big parts of the Dodd-Frank Wall Street Reform law which was created in the wake of the 2008 financial crisis.

The Fed also agreed last month to delay another part of the law, a component, that requires banks to sell their hedge funds and private equity stake.

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