bourbiza mohamed
Enterprise & Finance
16 Might 2024, 5:40 pm 1 minute
Reuters solely reported on Goldman Sachs’ aggressive marketing campaign to water down a proposal to lift capital necessities for large banks. A Reuters evaluation of personal Goldman paperwork, interviews with program members and public disclosures revealed how Goldman recruited small enterprise homeowners from throughout the nation in its battle towards the so-called Basel Endgame. Their activity in Washington was to induce lawmakers to signal a letter asking the Fed to rethink the proposal.
Market Impression
The Reuters report is the primary full account of Goldman’s grassroots marketing campaign. It illustrates the acute lengths massive U.S banks have taken to attempt to kill the Basel proposal which they are saying will drive them to overtake or shut down a spread of merchandise and companies.
Article Tags
Matters of Curiosity: Enterprise & Finance
Kind: Reuters Finest
Sectors: Enterprise & FinanceMonetary Companies
Areas: Americas
Win Sorts: Exclusivity
Story Sorts: Unique / Scoop
Media Sorts: Textual content
Buyer Impression: Necessary Regional Story
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