Fed gives banks two more years to shed CLOs under Volcker
WASHINGTON, April 7
WASHINGTON, April 7 (Reuters) - The U.S. Federal Reserve will give banks two more years to divest collateralized loan obligations (CLOs) that fall under the Volcker rule, which bans banks from making a range of risky investments.
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video