Regulators Flesh Out Volcker Rule Changes

WASHINGTON—U.S. regulators on Tuesday unveiled final changes to Volcker-rule restrictions on proprietary trading by financial firms, removing a provision opposed by the biggest banks and giving some regulatory relief to smaller firms.

In the final rule unveiled by the Federal Deposit Insurance Corp., big banks such as JPMorgan Chase & Co., Citigroup, Inc. and Bank of America Corp. no longer would have to show that trades held for less than 60 days were made for the firm’s own short-term profit. Other trading restrictions…

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