Banks To Keep Divestments Coming As Volcker Takes Shape

Law360, New York (December 10, 2013, 6:58 PM EST) -- The promise of a regulatory clampdown on lenders' holdings in private equity and other asset classes fueled a surge of secondary buyout activity even before the Volcker rule's approval on Tuesday, and experts predict deal makers will stay active in the near term as banks continue to wind down assets.

Three years in the making, the lengthy rule aims to keep banks from making speculative investments with their own money, potentially at a cost to their customers. A handful of government agencies on Tuesday signed off...
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