WashU Expert: Goldman Sachs’ sale won’t allow return to ‘freewheeling ways’

The Goldman Sachs Group is considering a sale of its consumer banking business, but regulations will mean it can’t simply return to being an investment bank, said an expert on financial and securities regulation at Washington University in St. Louis.“While exiting the consumer banking business may allow Goldman to ‘check out,’ it can never fully leave the regulatory world for bank holding companies and return to its investment banking roots,” said Andrew Tuch, a professor of law.

How soon can the economy recover from the COVID-19 recession?

There’s no doubt the COVID-19 pandemic has put the United States into a recession, says an economist who is the associate dean of the College of Business at The University of Alabama in Huntsville (UAH), so now the question on everyone’s mind is when business will get back to normal.