A US regulator has given Wall Street’s brokers an extra three years to adapt their business models to European trading rules without facing legal action at home. The Securities and Exchange Commission told brokers they will be able
The most remarkable thing about Jordan Belfort, the self-styled Wolf of Wall Street, is not his once-prodigious drug consumption or the Bacchanalian excess of his infamous company Stratton Oakmont – it’s his sheer, bloody-minded staying power. In
The loosening of the Volcker rule announced this week opens the door to a rebound in risky behaviour on Wall Street, proponents of the initial legislation have warned, even as investors and analysts insist there will be
Wall Street needs a new face. AP Photo/Frank Franklin II Republicans finally managed to roll back some of the Wall Street regulations passed by Congress in the wake of the 2008 financial crisis after years of trying.
Some Wall Street firms are downplaying the potential impacts.Getty Images/Andrew BurtonUBS is cutting earnings estimates for Wall Street firms, saying the industry is unprepared for impending European regulatory changes. The sweeping market regulatory reforms in Europe known