John Waldron, who followed David Solomon from Bear Stearns Cos. to build up Goldman Sachs Group Inc. (GS)'s leveraged-finance business, is now joining him atop Wall Street's leading investment-banking division.
(Reuters) - Goldman Sachs Group Inc has filed for a slew of new exchange-traded funds, most of them alternative, another step by the Wall Street bank in its pursuit of the fast-growing, nearly $2 trillion U.S.
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Theoretically speaking, if Goldman were to go private and break away from its bank holding designation, the firm would stand to avoid the restrictions placed on banks trading and storing commodities, proprietary trading operations and lending operations.