Tag:
Bank Charter
Latest Headlines
Latest Headlines
Can Goldman Sachs switch its bank charter?
Under Title III of the Dodd-Frank bill, banks would be barred from converting their charters to escape regulatory enforcement actions . This is interesting because it seems to be a direct attempt to keep Goldman Sachs ( GS ), and to a lesser extent Morgan Stanley ( MS ), under the umbrella
Reform bill grows to 2,300 pages, jury still out
Do you really want to know the details of the historic financial reform bill working through Congress? The bill has grown to 2,300 pages , and to get through it, you've got to be a glutton for pain or a lobbyist. Fortunately, Reuters offers a nice fact box that captures the essentials. What
Wal-Mart to finally get a bank license?
The banking industry over the years has worried a lot about Wal-Mart, which has edged closer to seeking a full commercial bank license for years . Is the big retailer now taking a definitive step in that direction? Last week, it emerged that the company had taken an ownership stake in Green Dot
Economist proposes Goldman Sachs Amendment
Is bank charter arbitrage a problem? A novel laureate economist wants the government to pass a law that he has dubbed the Goldman Sachs Amendment, which would force banks "to choose whether they want to be regulated banks, with all the government protections and restrictions, or unregulated invest
Goldman Sachs as a private partnership?
There's been a whole lot of talk about Goldman Sachs ( GS ) and a possible move to reverse its historic initial public offering in 1999. The idea makes sense on a few general levels. If Sarbanes-Oxley prompted firms to go private, wouldn't the current regulatory climate, which is more onerou
Goldman Sachs to chuck bank charter?
Goldman Sachs has fared better than most banks in the financial crisis. Which may make any restrictions on pay even more difficult to take. So there's a lot of chatter right now about what steps Goldman Sachs may take to avoid undue pay regulation.
Some speculate that it is seeking to shed its
A bit more about Goldman Sachs' prop trading
Revisiting the glory days of Goldman Sachs' proprietary trading prowess, the firm made more than $100 million in trading revenue on a record 34 separate days during the first quarter. That was up from the then-record 28 in the quarter a year ago, reports Bloomberg . In the quarter, it lost mone
Morgan Stanley and Goldman Sachs go commercial
It's hard to think of Goldman Sachs and Morgan Stanley as deposit takers. But they have become just that. Goldman Sachs has plans to expand its Utah-based bank for private clients. It has also applied for a bank charter in New York. As for Morgan Stanley, plans were well underway, according to C
