Fed proposal

WASHINGTON | Banks would be freer to trade for profit under Fed proposal

WASHINGTON (AP) — The largest U.S. banks would have leeway to take riskier trading bets for their own profit under proposed changes the Federal Reserve unveiled Wednesday. The changes would loosen rules that since the 2008 financial meltdown have barred big banks from using depositors’ money to make sizable bets on stocks and bonds. The … Continue reading WASHINGTON | Banks would be freer to trade for profit under Fed proposal