President Barack Obama will offer proposals to limit financial institutionsÃ¢â‚¬â„¢ size and trading activities as a way to reduce risk-taking, an administration official said.
Obama will announce the rules today at 11:40 a.m. in Washington after meeting with former Federal Reserve Chairman Paul Volcker at the White House. The proposals will be part of an overhaul of regulations and will specifically address firmsÃ¢â‚¬â„¢ proprietary trading, the official said yesterday on the condition of anonymity.
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