US regulators adopt weakened rule on derivatives trading; critics say large banks to benefit

Canadian Press, The Canadian Press
0 Comments| May 17, 2013


WASHINGTON - A rule intended to loosen the largest U.S. banks' control over the trading of complex investments and help safeguard the financial system was weakened Thursday by regulators.

Critics say the changes will allow major Wall Street banks to continue to dominate the $700 trillion derivatives market.

© The Canadian Press, 2013


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