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Banks Can Invest in VC Funds Again, Says Fed

By Kate Clark
· · Source: The Information

The Federal Reserve has approved a proposal to allow banks to invest their own capital in venture capital funds. Since 2014, banks have been prohibited from taking stakes in VC funds as part of the Volcker Rule, a federal regulation crafted in the aftermath of the 2008 financial crisis. The policy also limited banks ability to invest in hedge funds and private equity funds. Intended to protect...

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This week there was a lot of buzz around journalists ditching their newsroom jobs to publish their own newsletters. The trend was chronicled in a New York Times piece, pegged to the news that The Verge’s Casey Newton was breaking out on his own. 

I had to laugh when Ben Thompson, the creator of the subscription Stratechery newsletter, tweeted: “The NYT trend piece on ...

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