Volcker Fallout? Morgan Stanley, Goldman Might Exit Bank Business
Susquehanna Financial Group analyst David Hilder says Goldman Sachs and Morgan Stanley may consider dropping their status as bank holding companies to avoid increased costs related to the 'Volcker rule,' the latest fallout from the proprietary trading proposal released earlier this week.
‘Volcker Rule’ Proposal Approved by FDIC; Wall St. Fumes
Wall Street firms decry proposed rules to take effect in July 2012; FDIC will accept comments until Jan. 13.