Sept. 3 (Bloomberg) — Gary Townsend, president of Hill-Townsend Capital LLC, talks with Bloomberg’s Julie Hyman about Goldman Sachs Group’s principal-strategies business. Wall Street’s most profitable investment bank is shutting down its group that makes bets with the firm’s own capital to comply with new U.S. rules aimed at curbing risk, according to two people with knowledge of the decision. (This is an excerpt of the full interview. Source: Bloomberg)
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Video: Townsend Discusses Goldman Principal-Strategies Decision: Video
