U.S., U.K. Unlikely to Enforce Volcker Rule, Lee Kuan Yew Says

02May10

Lee Kuan Yew on investment vs deposit banking.  BusinessWeek: The U.S. and U.K. are unlikely to separate banks into deposit-taking and investing activities, Singapore’s Minister Mentor Lee Kuan Yew said. Lee, chairman of Government of Singapore Investment Corp., a shareholder of UBS AG and Citigroup Inc., said he agrees with former Federal Reserve Chairman Paul […]

Filed under: Conference, Quotes, Speech   |  1 Comment
Tags: deposits, investment banking, lee kuan yew, paul volcker