Deutsche Bank Busted by Fed for Breaking Volcker Rule

The transcript discusses the blurred lines between proprietary trading and client activity, focusing on Deutsche Bank's fine related to the Volcker Rule. It highlights the first enforcement of the rule by the Fed and speculates on potential future actions against other banks. The discussion also touches on the necessity of the Volcker Rule, despite political intentions to rescind it, emphasizing the importance of maintaining regulatory lines.

In what ways does the text indicate that the investigation into Deutsche Bank has been ongoing?

What reasoning is provided in the text for the Fed's decision to enforce the Volcker Rule despite potential political pressures?