Largest banks from Wall-Street scrapping proprietary trading

Reacting to new requirements of the financial system reform in the USA Goldman Sachs and JPMorgan Chase are closing their proprietary trading offices: Bloomberg informs that the decision is directly related to the massive-scale reform of the US financial system - introduction of the Dodd–Frank Wall Street Reform and Consumer Protection Act - which, for example, implies the so-called “Volker rule” (or “Volker plan”).