The following article by Renae Merle was posted on the Washington Post website May 30, 2018:
Federal regulators on Wednesday approved a broad proposal easing financial crisis-era regulations on risky trading, delivering Wall Street one of its biggest victories yet in the Trump era.
The changes will give big banks, including Goldman Sachs and JPMorgan Chase, a reprieve nearly a decade after risky trading was blamed for contributing to the near collapse of the U.S. financial sector. It will also provide another boost to an industry already reporting record profits — $56 billion during the first three months of this year. Continue reading “Federal Reserve votes to ease rule aimed at preventing big banks from making risky financial bets”