Volcker Rule

Update: Another fine for Goldman

Is a big British shoe about to drop on the Goldman Sachs rally?

The Financial Times reports the U.K.'s Financial Services Authority could assess a big fine on the up-and-down investment bank as soon as Thursday, concluding a five-month-long probe of Goldman's (GS) business practices.

The fine could approach the $49 million penalty the FSA slapped on JPMorgan Chase (JPM) this year for running afoul of the prohibition on mixing client funds. MORE

Citigroup: Volcker Rule or Volcker Suggestion?

Citigroup seems ambivalent about how to approach the Volcker Rule. Not coincidentally, so is everyone else.

By Heidi N. Moore, contributor

The Volcker Rule is one of those things that may come out of financial reform looking imperfect and end up being useless.

In its most recent manifestation, the Volcker Rule is supposed to prevent banks from holding too much exposure to risky activities like proprietary trading and investing in unpredictable businesses like MORE

Bank reform: Fake it 'til you make it

Much of the Dodd-Frank bill pushes the important decisions until years later. How to tame Wall Street in the meantime?

By Heidi N. Moore, contributor

World Cup soccer fans have become used to player theatrics, where a player who is so much as touched by a rival will immediately hit the turf and writhe around in the throes of completely manufactured agony, hoping to delay their usually inevitable loss.

Giant banks, it turns MORE