‘Volcker Rule' Likely to Be in Final Overhaul Bill# Stock
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WASHINGTON—House Financial Services Committee Chairman Barney Frank (D.,
Mass.) on Tuesday said the White House's proposal to stop banks from
certain risky trading practices would "very likely" be in the final
financial overhaul, but he said a separate provision to force banks to
spin off their derivatives businesses "goes too far."
Mr. Frank's comments are significant because he is a central player in
the effort to reconcile a financial-overhaul bill that passed the House
of Representatives in
Mass.) on Tuesday said the White House's proposal to stop banks from
certain risky trading practices would "very likely" be in the final
financial overhaul, but he said a separate provision to force banks to
spin off their derivatives businesses "goes too far."
Mr. Frank's comments are significant because he is a central player in
the effort to reconcile a financial-overhaul bill that passed the House
of Representatives in
