Goldman to Keep Its Private Equity Arm : Report

FBN’s Senior Correspondent Charlie Gasparino reports that despite the provision in the financial reform bill to get rid of proposition trading, there is “enough leeway” in the Dodd-Frank Bill so that Goldman Sachs (GS) will be able to keep their “prop trading as is.”

Excerpt from the report : Courtesy of Fox Business Networks

On how the Dodd-Frank Bill will benefit Goldman Sachs:
“People inside Goldman Sachs are telling the FOX Business Network the Dodd-Frank rules are so in flux that the new changes could allow the firm to keep its private equity arm. There is going to be enough leeway that they are probably going to be able to keep the prop trading as is.”

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.