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Tuesday, October 23, 2012

S&P On Volcker Impact

Per Standard & Poor’s report:
We currently estimate that the Volcker Rule could reduce combined pretax earnings for the eight largest U.S. banks by up to $10 billion annually, up from our initial $4 billion estimate two years ago, if final rules are stricter than as currently written.

In our view, less strict rules would have a limited impact on banks' earnings and business positions, so it's unlikely that we would take any rating actions as a result.

Stricter rules could lead us to take negative rating actions on certain banks, depending on how they adapt their business models to the new regulations
Read more.
Watch the S&P CreditMatters TV segment: The Volcker Rule: Complex, Controversial, And Contentious.

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