Goldman, Morgan to Become Bank Holding Companies

by rdan

Goldman, Morgan to Become Bank Holding Companies

In one of the biggest changes to Wall Street in decades,
Goldman Sachs and Morgan Stanley, the last two independent
investment banks, will become bank holding companies, the
Federal Reserve said Sunday night.

RGE Monitor carries a lot of analysis such as it is. I am going to ask people at work if they have followed or noticed any of the news on this business…and their understandings. A couple posts worth I hope.

The draft proposal is reviewed and linked on stormy’s post and Tom’s post Solidarity Pt. 2. Robert’s post Toxic Sludge talks about the necessities.