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Trump’s regulators set to deliver new victory for banks

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Some details of the proposal have already leaked out, boosting hopes from banks that the changes will give them a much clearer picture of when they’re allowed to make quick trades with stocks, bonds and other financial assets.

Fed regulatory chief Randal Quarles, a Trump appointee, said in March that regulators wanted banks to be able to make responsible trades “with less fasting and prayer about their compliance with the Volcker rule.

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