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First Volcker Victim? Zions Dumping Its Hedge Funds

Mat Levine (Bloomberg) – Two things that I took away from Zions Bancorporation’s run-in with the Volcker rule today are:

1. I seem to have been wrong about one important effect of the Volcker rule, and
2. Zions had a conference call in which its chief financial officer said “we got to that conclusion in part by looking at footnote 1,861,” so now my dream in life is to have a bank chief financial officer cite a four-digit-numbered footnote of mine; look forward to that.

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