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Why Wall Street Wants Five Years to Implement the Volcker Rule

Big Wall Street banks, including Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) and JPMorgan Chase (NYSE:JPM), have asked the Federal Reserve to grant them an additional five-year grace period to comply with the Volcker rule, sources told Reuters.

http://www.newsweek.com/wall-street-volcker-rule-goldman-sachs-big-banks-jp-morgan-financial-reform-489628