Risk News

White House Steps Up Push to Toughen Rules on Banks

"In the wake of losses at J.P. Morgan Chase JPM 0.00% & Co., the White House is seeking to ensure a tough interpretation of a regulation designed to prevent banks from making bets with their own money, according to people familiar with the matter"

Annie's take:

It is to be hoped that banking regulation will not become a political football this election season. Here's a preview, though, of how it's lining up.