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Goldman's Slow Volcker Compliance Could Pay Off
If Trump rips up Dodd-Frank, the bank may be in a better position to ramp up its proprietary investments.
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On Wall Street, it's rare that laggards are rewarded. But there are always exceptions.
Goldman Sachs Group Inc. has been slower than some of its peers in complying with the Volcker Rule, a regulation born of the financial crisis that's designed to make the system safer by restricting banks from betting their own money for the shot at lucrative profits. While most banks have shuttered their proprietary trading desks and retreated, for the most part, from merchant banking activity, Goldman has continued to hold on to some of its wagers.