The CFTC's plan to walk back rules for swap-trading platforms will give big banks a leg up and hurt asset managers looking for better prices and more transparency, according to Citadel Securities, one of the world's biggest trading firms.
Merchant banking activities activities amount to more than $30 billion in direct investments, including more than $11 billion in renewable energy investments, a survey found.
A Federal Reserve proposal to set higher capital requirements for certain physical commodities may contravene Congress’ intent by making possession of those assets financially untenable, financial groups claim.
