SUBSCRIBE:

Thursday, January 21, 2010

No more proprietary trading?

The White House wants commercial banks that take deposits from customers to be barred from investing on behalf of the bank itself—what's known as proprietary trading—and said the administration will seek new limits on the size and concentration of financial institutions.

"You can choose to engage in proprietary trading, or you can own a bank, but you can't do both," the official said.

full text here.