Fed dissatisfied with Wall Street investment bank Goldman Sachs or the worst-www.replays.net

The Fed’s dissatisfaction with the Wall Street investment bank Goldman Sachs or the worst U.S. stock market center: exclusive national industry sector stocks, premarket after hours, ETF, real-time quotes of Reuters reported on 8, the Fed proposed to Congress, limit the Wall Street bank’s physical commodity trading, and other commercial banking business, said the deal may be risks to the financial system. The Council of the Federal Reserve Board (referred to as the Federal Council) jointly proposed and two other financial regulatory agencies, Congress should be revoked in 1999 awarded Goldman and Morgan Stanley for storage and delivery of physical commodities such as business license.   according to "the Wall Street journal" reported that due to face regulatory and political pressure, many Wall Street banks including Goldman, Deutsche Bank, Credit Suisse, Morgan Stanley, J.P. Morgan, has a sharp contraction of the commodities business. Last November, Morgan Stanley sold its spot oil business to commodity trading company Castleton Commodities. 2014, the bank will hold its oil storage company TransMontaigne stake sold to NGL Energy Partners. December 2014, Goldman Sachs will be its controversial Metro metal warehousing business sold to Swiss private Holdings Company Rygeuben Brothers. Tarullo Tarullo, the Federal Reserve Board (Daniel) had previously expressed his concern about the Wall Street investment bank commodity trading, so the Fed’s position is to some extent expected. But the Fed’s proposal for Congress to restrict investment banks in commercial banking is an unexpected. At present, the Wall Street investment bank can conduct commercial banking business, and this business actually gives them great action space. In the absence of suitable investors to finance their corporate clients, the Wall Street investment bank can own their own business customers to provide funds, and this can also bring investment income for the bank itself. The Federal Reserve said in a report Thursday, engaged in commercial banking business will make investment banks due to the investment company’s operations and face legal liability risk, cancel this business can help remove the potential risks, to maintain the independent relationship between banks and enterprises. In other words, if the investment banks and commercial banks to invest in their own operations of commercial banks to carry out investment and financing transactions, it may lead to legal issues. This is also the "Dodd – Frank" financial reform act of 2010. The Fed’s proposal may be the biggest impact of Goldman Sachs, the bank has been engaged in commercial banking business for a long time, will often invest in non-financial enterprises. As of the end of 2015, Goldman Sachs equity investment scale of about $22 billion. In addition, Goldman Sachs is a major participant in commodity trading. Goldman Sachs and Morgan Stanley spokesman declined to comment on Reuters. But some industry organization of financial industry issued a joint statement, the Fed’s cancellation of commercial banks and other business proposal has not been fully taken into account; regulatory agencies in the absence of any evidence of related business risks Cong相关的主题文章: