The Federal Reserve said on Tuesday it had approved a final rule simplifying the...
FILE PHOTO: A man rides a bike in front of the Federal Reserve Board building on Constitution Avenue in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo
The Fed was the fifth and final financial regulator to sign off on the changes, which are aimed at making it easier for banks to comply with the rule, established after the 2007-2009 financial crisis, barring them from making profit-seeking trades with customer funds.
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