Fed, U.S. regulators unveil first 'Volcker Rule' rewrite

By Michelle Price and Pete Schroeder WASHINGTON (Reuters) - U.S. regulators on Wednesday unveiled a proposal to ease rules reining in banks' risky trading, outlining changes that will cut compliance costs but stopping far short of allowing firms to return to their gambling days seen before the 2007-2009 financial crisis. The Federal Reserve's long-anticipated proposal to alter the so-called Volcker Rule marked another step by Trump administration regulators to ease banking rules in a bid to boost lending and economic growth

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