Goldman Sachs cutting some Less-Profitable Clients as new capital rules takes their roll.
Also it is increasing some fees on others as it adapts to new banking rules, people familiar with the matter said.
The bank has told hedge-fund clients that the regulations have forced it to set aside more capital, crimping profits at its prime-brokerage business, which executes and finances the funds’ trades.
Also it is increasing some fees on others as it adapts to new banking rules, people familiar with the matter said.
The bank has told hedge-fund clients that the regulations have forced it to set aside more capital, crimping profits at its prime-brokerage business, which executes and finances the funds’ trades.
Recently GS has achieved 4.5% leverage ratio but this needs to be go up to 5% by 2018 as per new regulatory requirements.
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