The Wall Street that shaped the financial world for two decades ended last night, when Goldman Sachs Group Inc. and Morgan Stanley concluded there is no future in remaining investment banks now that investors have determined the model is broken. The last two largest investment banks have decided to remove their investment status to receive Federal Reserve approval to become bank holding companies. They will now be able to be protected by the Federal Deposit Insurance Corp (FDIC) deposit insurance.
Morgan Stanley, Goldman Sachs abandon investment bank status
http://www.bizjournals.com/sanjose/stories/2008/09/22/daily1.html
Subscribe to:
Post Comments (Atom)
Popular Posts
-
新加坡人口400万，亚洲人口4亿，全世界人口6亿。 但是，我一人可能就很有可能是世界最傻的了。我真是个不折不扣的大木头。真是受不了自己。
-
For anyone living in or visiting Singapore, mastering the public transport system is a rite of passage. While the MRT is efficient, the exte...
-
*********** Try to sleep now, close your eyes Soon the birds would stop singing Twinkling stars, are shining bright They'll be watch...
-
I got the below findings from Taipei , Hong Kong and Singapore and I thought I should share them with all of you. Taxi Fares In Taipei Tax...
-
The Consumers Association of Singapore (CASE) response on the planned 21% electricity tariff hike says it all. CASE advise Singaporeans to ...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.