JP Morgan makes a $2 billion trading error, the Euro may still flounder and millennials are having a big impact on the modern IT workforce. Wall Street & Technology keeps you in the loop by compiling some of the best quotes of the week.
May 11, 2012
5. Volcker's Rule
It is surely inappropriate that [proprietary trading] activities be carried out by institutions benefiting from taxpayer support, current or potential. Proprietary trading is not a necessary ingredient of bank profits.
— Paul A. Volcker told the Senate Banking Committee, as he defended the rule that bears his name
Source: NY Times Dealbook
