Goldman Gets Around Volcker Rule
July 27, 2010 at 14:19 PM EDT
Charlie Gasparino is reporting that Goldman Sachs (GS) has figured out a novel approach to getting around the Volcker Rule’s restrictions on trading: it’s remaking its risk-taking traders into asset managers, and the rest of Wall Street may soon follow. FBN: “The big Wall Street firm has moved about half of its “proprietary” stock-trading operations [...]