Trump team considers trading in New York for Virginia in 2020

President Trump’s 2020 campaign office could be located in Arlington, Virginia, which is far closer to the White House than Trump’s 2016 campaign headquarters at Trump Tower, the Washington Post’s Philip Rucker and Ashley Parker report. The details: The move, which hasn’t been finalized, would happen after the midterms, and if completed would make Trump…

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Deutsche Bank Vows to Defend Fixed-Income Trading After Cuts

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Former Equifax manager charged with insider trading

The Securities and Exchange Commission has charged a former software developer, Sudhakar Reddy Bonthu, with insider trading in advance of last year’s massive data breach that exposed 148 million Americans’ personal information. Timing: The former chief information officer of Equifax’s U.S. Information Solutions, Jun Ying, was charged with insider trading in March.

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Suncor, Enbridge Seek Clarity After Ford Upends Carbon Trading

Suncor Energy Inc. and Enbridge Inc. are among Canadian fossil fuel companies seeking answers after Ontario premier-designate Doug Ford announced plans to unwind a cap-and-trade program that has issued C$2.8 billion ($2.1 billion) worth of pollution credits to dozens of companies. Ford and his Progressive Conservative party said last week they would fulfill a campaign…

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Man Behind RBC’s Battle Against High-Frequency Trading to Leave

Royal Bank of Canada’s Greg Mills, the global equities head who spearheaded his firm’s fight against predatory high-frequency trading, is leaving RBC Capital Markets next month after two decades at the bank. Mills, who led the global equities business out of Toronto since 2005, decided to depart after “productive discussions” the firm had on succession…

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Fed Floats Changes to Volcker Rule on Big Bank Trading Restrictions

WASHINGTON—The Federal Reserve proposed on Wednesday easing a rule designed to curb risky trading in the wake of the financial crisis, one of the most significant deregulatory measures for banks since President Donald Trump took office. The proposal, unanimously advanced by the Federal Reserve and known as Volcker 2.0, means JPMorgan Chase & Co., Goldman…

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