Morning Scan: Volcker Rule Puts Leash on Banks; FHA's Peace Off...

Wall Street Journal

Recent stock market swings provided a chance to see the Volcker rule in action. The paper reports big banks made only a small portion of trades for themselves amidst the market volatility of the last two weeks, instead focusing on making bets on behalf of their clients. This is in keeping with the design of the Volcker rule, which aims to preserve the safety and soundness of the financial system by restricting banks'...