Treasury: Spin-Off Not A ‘Core’ Change
Michael Barr, assistant secretary of the Treasury, said the proposal by Sen. Blanche Lincoln (D-Ark.) that would force banks to spin off their proprietary trading desks is not among the “core” changes the Obama administration is seeking.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
