Goldman Won't Regain Its Glow Anytime Soon
Investment banking has lost its luster, after an economic collapse, volumes of new financial regulation and a capitalist system that has surprisingly little interest in creating new capital. As a result, Goldman Sachs (GS) has descended from the clouds, giving up a nearly impeccable reputation and transforming itself into a symbol of everything that's wrong on Wall Street.
Unfortunately, nothing on the horizon suggests that this once-mighty firm will regain its golden-boy status and resume the upward trajectory that characterized its growth through most of the last decade. In fact, Goldman could head lower through 2012 and into next year, as institutions and high-net-worth investors turn away from the company and seek out a less controversial banker....374 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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