Obama Plan Could Cost 5 Banks $13B

January 2010
American Banker;1/25/2010, Vol. 175 Issue 12, p12
Trade Publication
This article reports that analysts at the financial services firm JPMorgan Chase & Co. have estimated that the plan of U.S. President Barack Obama to curb proprietary trading would cost five banks a total of thirteen billion dollars. The banks that would be affected are listed as Goldman Sachs Group Inc., Morgan Stanley, Credit Suisse Group AG, UBS AG, and Deutsche Bank AG.


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