A Tale of Two Regions: European Banks and the U.S. Volcker Rule with Bloomberg's Sonali Basak

The transcript discusses potential cross-national banking deals, focusing on Commerce Bank and Deutsche Bank's growth strategies. It explores asset management strategies, including possible mergers involving DWS and UBS. The competitive landscape in wealth management is highlighted, with UBS, Goldman Sachs, and Morgan Stanley making strategic moves. Nomura's challenges, including a significant drop in profitability, are examined, raising questions about potential acquisitions. Finally, changes to the Volcker Rule are discussed, which may ease trading restrictions and impact banks' investment strategies.

Analyze the implications of Nomura's decline in profitability and its potential as an acquisition target.

What changes to the Volcker Rule are being discussed, and how might they affect banks?