Goldman Sachs Group Inc (NYSE:GS) is reportedly avoiding the Volcker ban by contributing 20% in capital through a new fund that would make investments in commercial real estate-backed loans, according to a Wall Street Journal report.
Citing known sources, Craig Karmin and Justin Baer of The Wall Street Journal point out that Goldman Sachs Group Inc (NYSE:GS) is also making direct investments in real-estate assets.
Volcker rule
The Volcker rule, a centerpiece of the 2010 Dodd-Frank financial-overhaul legislation, was approved by government agencies Setup a free account to get access to this article (no credit card required).Login required to continue reading.
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