According to the Securities and Exchange Commission (SEC) filing, The Goldman Sachs Group Inc. (NYSE:GS) has stepped forward to comply with the ‘Volcker Rule’, which is anticipated to be implemented on July 21, 2012. The rule aims to reduce capital investments by banks in highly risky bets.This is expected to help banks to avert another financial crisis to a great extent.
Volcker Rule, a specific section of the Dodd-Frank Wall Street Reform and Consumer Protection Act, requires banks to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards