Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Goldman Sachs Group Inc    GS

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Major Banks Raise Concerns Over New Rules With Fed's Tarullo

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/02/2012 | 09:45pm CEST

Top executives from six major banks on Wednesday discussed concerns over new industry rules with Federal Reserve Gov. Daniel Tarullo, the Fed said in a summary of the meeting.

The chief executives of Goldman Sachs Group Inc. (>> Goldman Sachs Group, Inc.), U.S. Bancorp (USB, J.P. Morgan Chase & Co. (>> JPMorgan Chase & Co.), Morgan Stanley (>> Morgan Stanley), State Street Corp. (>> State Street Corporation) and Bank of America Corp. (>> Bank of America Corp) talked about the Fed's 2012 capital analysis and raised fears that new regulations would constrain their industry, the Fed said.

The Fed said Tarullo told the executives that their comments would be considered part of the rule-making process under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Specifically, the banking officials said they were worried the new rules would overstate credit risk for some transactions and would establish more stringent credit exposure limits for the largest financial firms, according to the Fed. The banks are also worried about the extent to which the alternatives to credit ratings could overstate the risk of some of their assets.

The industry officials repeated fears that a rule restricting some financial firms, including hedge and private equity firms, from proprietary trading would "constrain market-making activity" and the depth of some financial markets.

Furthermore, the bank executives said they are worried the new rules could damage their international competitiveness.

-By Ian Talley, Dow Jones Newswires, 202-862-9285; [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GOLDMAN SACHS GROUP INC
07:52a HYATT HOTELS : Announces Secondary Offering of 4,000,000 Shares of Class a Commo..
07:22a GOLDMAN SACHS : Announces Pricing Terms Of Its Tender Offer for Subordinated Not..
07:15a GOLDMAN SACHS : ‘Government Sachs’ Is Supposed To Be A Metaphor, Guy..
01:06a France makes Brexit pitch to Wall Street banks in New York
05/23 GOLDMAN SACHS : Announces Early Results of its Tender Offer For Subordinated Not..
05/23 THE GOLDMAN SACHS GROUP, INC. (NYSE : GS) Files An 8-K Other Events
05/23 GOLDMAN SACHS GROUP INC : Other Events, Financial Statements and Exhibits (form ..
05/23 OVERSEAS SHIPHOLDING : Class A (OSG) Posts Quarterly Earnings Results
05/23 HYATT HOTELS : Announces Secondary Offering of 4,000,000 Sharesof Class a Common..
05/22 Morgan Stanley shareholders approve executive compensation plan
More news
Sector news : Investment Banking & Brokerage Services - NEC
08:49aDJMORGAN STANLEY : Cuts Broker Poaches -- WSJ
01:06a France makes Brexit pitch to Wall Street banks in New York
05/23 Morgan Stanley to curb veteran adviser recruiting
05/23DJMORGAN STANLEY : Joins Rivals in Curbing Broker Recruiting -- 2nd Update
05/23DJMORGAN STANLEY : Joins Rivals in Curbing Broker Recruiting -- Update
More sector news : Investment Banking & Brokerage Services - NEC
News from SeekingAlpha
05/23 Nobody Gives Investors What They Want.
05/22 My Story And A Special Offer
05/21 Tracking Dan Loeb's Third Point Portfolio - Q1 2017 Update
05/19 Goldman Sachs Stock An Odds-On Buy For Near-Term Cap Gain
05/19 REML With 21.6% Dividend Yield Is Attractive For Certain Investors
Advertisement
Financials ($)
Sales 2017 31 828 M
EBIT 2017 11 218 M
Net income 2017 7 795 M
Debt 2017 -
Yield 2017 1,34%
P/E ratio 2017 11,60
P/E ratio 2018 10,56
Capi. / Sales 2017 2,72x
Capi. / Sales 2018 2,60x
Capitalization 86 457 M
More Financials
Chart GOLDMAN SACHS GROUP INC
Duration : Period :
Goldman Sachs Group Inc Technical Analysis Chart | GS | US38141G1040 | 4-Traders
Full-screen chart
Technical analysis trends GOLDMAN SACHS GRO...
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 242 $
Spread / Average Target 10%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Lloyd Craig Blankfein Chairman & Chief Executive Officer
Harvey Mitchell Schwartz Co-President & Co-Chief Operating Officer
David Michael Solomon Co-President & Co-Chief Operating Officer
R. Martin Chavez Chief Financial Officer & Executive VP
James A. Johnson Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GOLDMAN SACHS GROUP IN..-9.78%85 032
MORGAN STANLEY0.40%77 062
CHARLES SCHWAB CORP-2.41%51 506
CITIC SECURITIES CO LT..-3.18%26 823
NOMURA HOLDINGS INC-1.63%23 349
HUATAI SECURITIES CO.,..-7.22%16 320
More Results