Volcker Rule costs banks $1 billion

Filed under: AM Roundup |

A rule in the Dodd-Frank regulation for banks could cost them as much as $1 billion, according to Bloomberg.

Known as the Volcker Rule, the regulation bans proprietary trading and limits hedge-fund investments.

The rule was proposed by federal regulators this month and will cost $917 million in capital costs for banks.

Read more at bloomberg.com.