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NEWS ABOUT: proprietary trading

Clients Lose Big on Goldman's 2010 Advice

Bank profited all last quarter, but its trading tips have stunk

(Newser) - Goldman Sachs made money on trading every single day last quarter, but anybody following its advice wasn't so lucky. Seven of Goldman's nine “recommended top trades for 2010” have been money-losing duds, Bloomberg reports, with the worst of them dropping as much as 14%. “This says that Goldman's... More »

Obama to Propose Knocking Banks Down to Size

President plans new limits on bank size, risk-taking

(Newser) - President Obama, going on the offensive against Wall Street banks "too big to fail," plans to propose measures to limit the size of banks and their ability to take risks, according to administration sources. Adopting an approach championed by former Fed chief Paul Volcker, he wants to bar... More »

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