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Loan Modification

: Mortgage Lender Implode-o-Meter

Goldman plans to spin off prop trading: report

By Implode-Explode Heavy Industries

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``Goldman Sachs Group Inc plans to spin off its proprietary trading business as early as this month to comply with the so-called Volcker rule, CNBC reported on Wednesday. It would be the first move by the New York-based investment bank to adapt its business to comply with the U.S. financial reform package signed into law last month, and would follow similar moves from other banks.''

Full post as published by Mortgage Lender Implode-o-Meter on August 04, 2010 (boomark / email).

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