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Obama Proposal May Force Banks to Sell Buyout Units (Update2)
Jan. 22 (Bloomberg) — JPMorgan Chase & Co. and Goldman Sachs Group Inc. may have to sell some private-equity businesses and stop investing in buyouts under a proposal by President Barack Obama to limit bets made by banks with their own capital.
Read more on Bloomberg
Obama Knocks Down Goldman
Obama’s regulation warning squeezed the bank’s stock after it crushed earnings estimates at $8.20 per share.
Read more on Forbes
NYSE, Nasdaq Slide After Obama Proposes Prop Trading Limit
NYSE Euronext and Nasdaq OMX Group Inc., the owners of the two largest U.S. stock exchanges, tumbled after President Barack Obama called for restricting trading activities at financial institutions.
Read more on BusinessWeek
Asia stocks slide on Obama plan
Asian stock markets skidded on Friday and commodity prices fell across the board after U.S. President Barack Obama proposed new restrictions on banks that spurred selling of risky assets.
Read more on Reuters via Yahoo! Canada News
Stocks, Commodities Slide, Treasuries Gain on Obama Bank Reform
Jan. 21 (Bloomberg) — Stocks plunged, erasing the Dow Jones Industrial Average’s gain for the year, and Treasuries rose as President Barack Obama proposed limiting risk-taking at banks and concern grew that China will do more to cool its economy.
Read more on Bloomberg
Obama May Rain on Goldman’s Parade
Wall Street trading king Goldman Sachs topped analysts’ expectations in the fourth quarter, but new restrictions could rain on the parade.
Read more on Indie Research via Yahoo! Finance
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