3min chapter

The Compound and Friends cover image

What's Really Going On At Goldman Sachs?

The Compound and Friends

CHAPTER

The Fed Should Allow Goldman Sachs to Buy, Merge, or Combine With Bank of New York Mellon

Goldman Sachs should merge with Bank of New York Mellon, says former CEO John Corzine. Deal would get Goldman huge wealth and asset management business; no investment banking conflict. Fed has been 15 years since big banks have been allowed to do anything, he says. "I'm sure Elizabeth Warren would go bonkers if they tried it," But I think Goldman needs to do it, writes Cevallos.

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