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But would freed-up capital fuel more lending, or be used for dividends?
The investment bank eliminated thousands of hours of tasks and has turned its attention to bond sales.
Windfall profits achieved despite Volcker rule limiting banks from betting their own money.
The final rule, due out next week, may affect up to 18 percent of revenue at the five largest Wall Street firms.
Slack borrowing demand and tighter lending standards lead to imbalance.