Volcker rule forces banks to change private-equity business

02/8/2013 | Wall Street Journal, The

The Volcker rule, set to be finalized this summer, is poised to significantly reduce Goldman Sachs' investment in its private-equity funds. Meanwhile, a spokeswoman for Bank of America says the company has decided to exit the private-equity business. Citigroup is looking at its options, a spokeswoman said.

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Wall Street Journal, The

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