It was stunning news when Goldman Sachs and Morgan Stanley decided to apply for commercial bank status. But since then, the two banks have drifted apart. Morgan Stanley seemed willing to embrace a more commercial bank-like model, while Goldman Sachs seems bent on staying its pre-crisis course. Will it make this formal?

Reuters reports, "Now that the worst of the crisis has passed and as financial markets are showing signs of healing, Goldman could look to reverse a hastily planned move that it is reported to have viewed as a necessity at the height of the financial crisis." The bank denies it will jettison its commercial bank license, but not everyone is persuaded.

For more:
- here's the Reuters article

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