U.S. regulators are set to rewrite rules reining in banks’ risky trading behavior, making changes that will cut compliance costs but stopping far short of allowing firms to return to their gambling days seen before the 2007-2009 global financial crisis.
The Federal Reserve’s long-anticipated proposal to alter the so-called Volcker Rule on Wednesday marks another step by Trump administration regulators to ease banking rules in a bid to boost lending and economic growth.
