Thursday, 26 September 2013

The End of Investment Banks

Goldman Sachs Group, Inc. (NYSE:GS) and Morgan Stanley (NYSE:MS) announced their intent to become bank holding companies on Sept. 21, 2008, in a last-ditch effort to draw on Federal Reserve funds and avoid financial oblivion.

They were the envy of Wall Street, dominating the industry's most lucrative businesses, landing headline-grabbing deals and advising companies and governments around the world on mergers, stock offerings and restructurings. Read more.
They were the envy of Wall Street, dominating the industry's most lucrative businesses, landing headline-grabbing deals and advising companies and governments around the world on mergers, stock offerings and restructurings.
Read more at http://www.fool.com/investing/general/2013/09/21/the-end-of-investment-banks.aspx#YUGi8pm1ytXTEu9h.99

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