Top Interest Rate Headlines 10-29-10: U.S. Economy Grew 2% as Consumer Spending Rises

Bank of Italy official sees currency war risk
http://jlne.ws/bL2W9E

U.S. Economy Grew 2% as Consumer Spending Rises
http://jlne.ws/cLbWWN

ELX Futures Exceeds 100,000 Contracts Of Open Interest And Sets New Volume Record In Eurodollar Futures
Press Release
ELX Futures, L.P. (ELX) announced today that it has reached a new milestone in open interest (OI) and set a new volume record in its Eurodollar Futures contract, which was launched in June 2010.
http://jlne.ws/cxgbC5

ECB. Still Props Up Banks on E.U.'s Edge
New York Times
Greek, Irish and Spanish banks are falling behind their counterparts across Europe in reducing their dependence on emergency central bank funding because they can't find investors willing to buy their bonds, Bloomberg News reported.
http://jlne.ws/a8ZUqu

Tighter US ban on bank trading urged
Tom Braithwaite, FT.com
A group of senators led by Carl Levin, the Democrat from Michigan, is pushing a new financial oversight council to adopt a strict ban on proprietary trading at banks. The financial reform legislation passed by Congress in the summer included a version of the Volcker rule, named after former Federal Reserve chairman Paul Volcker, which bans banks from trading for their own account.
http://jlne.ws/aIOOI8

Still plenty to play for on the Dodd-Frank bill
By Gillian Tett, FT.com
Could the Republicans throw sand into the wheels of financial reform in America?
http://jlne.ws/9OOQYn

Volcker on His 'Rule'- Keep It Broad
By DEBORAH SOLOMON, WSJ.com
Former Federal Reserve Chairman Paul Volcker, seeking to influence the eponymous rule he helped create, is telling administration officials they should avoid writing narrow regulations that banks can seek to exploit or evade, according to people familiar with the matter.
http://jlne.ws/cbhqor

Citigroup's Medina-Mora Says Grumbling Subsides Amid Customer-Service Push
Bloomberg
Citigroup Inc. 's campaign to repair its U.S. customer-service reputation may be making progress: clients are becoming more likely to recommend the bank, rather than disparage it, an internal memo shows.
http://jlne.ws/cAqmPT

Statement By SIFMA CEO Tim Ryan On Speech By Michel Barnier, EU Commissioner
Press Release
The Securities Industry and Financial Markets Association (SIFMA) today released the following introductory remarks welcoming Michel Barnier, Commissioner for EU Internal Market and Services, to a speech before SIFMA members:
http://jlne.ws/cxgbC5