What Does it Mean if Goldman and Morgan Become Bank Holding Companies?

On Sunday evening, the Federal Reserve announced that Goldman Sachs and Morgan Stanley have become bank holding companies. Up until this weekend, they were the last 2 independent investment banks standing.

GoldMorg morgan

For Goldman and Morgan, this means that they come under a new regulation by the Federal Reserve. This will allow them to tap the discount window, benefit from some accounting changes and start looking for bargain retail banks.

In the minutes after this announcement, the most comprehensive article that I have found on this has been in the NYTimes

Goldman and Morgan to Become Full Fledged Banks (NYTimes)

In the Financial Papers: Today’s Top Forex News 03.24.08

kathysmallHere is the “In the Financial Papers Radio Broadcast” (Length: 06:04 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy

In the Financial Papers:

 

Podcast Covers:
Dollar Fluctuations Make Traders Whisper `I’ Word as Group of Seven Frets
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In the Financial Papers: Today’s Top Forex News 03.21.08

kathysmallHere is the “In the Financial Papers Radio Broadcast” (Length: 05:14 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy

In the Financial Papers:

 

Podcast Covers:
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In the Financial Papers: Today’s Top Forex News 100107

Here is the “In the Financial Papers Radio Broadcast” (Length: 08:43 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy

In the Financial Papers:

 

Podcast Covers:
– ISM Surprises to the Downside
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In the Financial Papers: Today’s Top Forex News 092007

Here is the “In the Financial Papers Radio Broadcast” (Length: 07:31 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy

In the Financial Papers:

 

Podcast Covers:
– Euro Hits Record High
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