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Basel Battle: Goldman’s Unlikely Foot Soldiers In The Fight Against Bank Capital Hikes
Reuters exclusively reported on Goldman Sachs’ aggressive campaign to water down a proposal to raise capital requirements for big banks. A Reuters review of private Goldman documents, interviews with program participants and public disclosures revealed how Goldman recruited small business owners from across the country in its battle against the so-called Basel Endgame. Their task in Washington was to urge lawmakers to sign a letter asking the Fed to reconsider the proposal.
The post Basel battle: Goldman’s unlikely foot soldiers in the fight against bank capital hikes appeared first on Reuters News Agency.
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