Early Indicators: End of Wall Street As We Know It
Read the full article: http://www.contrarianprofits.com/articles/early-indicators-e...
Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS), the two last major investment banks left standing after the carnage Wall Street, have ended the era of investment banking by changing their status to bank holding companies. The change means the two firms can now create commercial banks that will be able to take deposits.
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