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January 16th, 2014 at 8:40 am
I have read recently that bank proprietory trading will be forbidden after April 1, 2014 for US Banks. Does this mean that the likes of JP Morgan, Wells Fargo, Citibank and their ilk will have to unwind their securities holdings in the next two and a half months? If so, do you know what the volume of liquidity that will be withdrawn is likely to be and whether this will cause a huge collapse in US Securities (equities and commodities) prices during this time period?