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Glass Steagall
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Latest Headlines
A call for Glass-Steagall era banking
One undercurrent of thought in this season of financial reform has been the notion that we'd all be better off if we returned to a previous regulatory era.
By that, many people mean that we'd be better off by returning to the days of Glass-Steagall. A recent commentary picks up on that, writin
The big picture on the Volcker Rule
It's easy to get bogged down in the minutiae of the Volcker Rule. There's a lot to parse in terms of all the exceptions and fancy new metrics required to make sure firms stay within the rules.
This is mind-boggling, barely penetrable stuff, reflecting the fact that Wall Street has made little
Krawcheck firing shows women executives still rare on Wall Street
If you are a woman in a high-ranking executive position at a top financial services firm, you are in rare air. Thus, when the numbers of these select few women decline, for whatever reason, it is always news, which in itself is a commentary on the state of the gender glass ceiling on Wall Street.
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
Citi to sell alternatives units?
Is Citigroup ( C ) bowing to the perceived reality of new Glass-Steagall-like restrictions? You might think so given the news that the bank is preparing to sell its private equity, real estate and hedge fund investment arms, which collectively manage about $20 billion.
But the Financial Ti
Private equity to gain from new Glass-Steagall?
Wall Street collectively shuddered at the thought of a new Glass-Steagall. But not all sectors of Wall Street will be affected in the same way. The private equity industry--firms that are not owned by banks anyway--may even gain.
The Financial Times notes data from consulting firm Prequin
Goldman Sachs to go private?
Let's say the Volcker plan erects something like a Glass-Steagall separation. What would Goldman Sachs ( GS ) do? A lot of people are speculating already about the prospects of the gilded firm going private? One chief investment officer told Reuters flat out: "Goldman is already in the proce
Will some banks benefit from new Glass-Steagall?
There's a lot of fear in the industry right now given the news about a modern Glass-Steagall Act coming out of Washington. But it will not likely affect all Wall Street firms equally. When it comes to Goldman Sachs ( GS ) and Morgan Stanley ( MS )a Financial Times blog notes, the two could act
The coming battle
It's no secret that the banking industry is a really good target right now. Populist angst, across the spectrum, is focused on it for obvious reasons. We're about to enter a new phase in the battle to re-regulate the industry, one that will be tricky for the industry to navigate. If the health car
Return of Glass-Steagall?
It was huge news in 1999 when Glass-Steagall was repealed. The law was said to be a relic, but it's not looking so anachronistic any more. There is a real move to revive the old barrier between commercial and investment banking. If it's going to happen, now is the time. Article
(Glass Ste
