Deutsche, UBS, SVB Financial given Volcker Rule extensions

|About: Deutsche Bank AG (DB)|By:, SA News Editor

Certain funds owned by DB, UBS, and SIVB would need to be sold to comply with the Volcker Rule. Noting the illiquidity of the funds (likely private-equity investments), the Fed is giving the three lenders an extended transition period of up to five years to come into compliance.

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