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Goldman Sachs' (GS) lucrative P-E business is set to shrink thanks to the Volcker rule which...

  • Friday, February 8, 10:22 AM ET
    Goldman Sachs' (GS) lucrative P-E business is set to shrink thanks to the Volcker rule which will force the bank to dramatically cut its participation in its own funds. A key selling point for investors has always been the bank and its partners investing right alongside, but no more. Bank of America (BAC) is exiting P-E altogether and Citigroup (C) is exploring its options.
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This news story has 3 comments:

  •  
    This will free GS to just prop trading with that PD cash from the Fed and making a killing off that wealth transfer.
    8 Feb, 01:26 PM Reply Like
  •  
    is that good or is that bad
    8 Feb, 01:55 PM Reply Like
  •  
    when will bac spin out merrill lynch?
    8 Feb, 02:08 PM Reply Like
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