They are the elite among the elite at Goldman Sachs, highfliers who are the envy of Wall Street. But on Washington’s orders, Goldman is now considering a step that once would have been unthinkable: disbanding the corps of market wizards at the heart of its lucrative trading operation. Under the new Dodd-Frank financial regulations, Goldman must break up its principal strategies group, the wildly successful trading unit that has helped power the bank’s profits.
Wall St. faces specter of lost trading units
Most Popular Articles
Latest Articles
Guild posts origination gains in Q1, declares a dividend
Guild posted origination gains and a sharp increase in net revenue in Q1, declaring a dividend of 50 cents per share.