Citation :
Jan. 22 (Bloomberg) -- President Barack Obama’s plan to
curb proprietary trading will cost Goldman Sachs Group Inc.,
Morgan Stanley, Credit Suisse Group AG, UBS AG and Deutsche Bank
AG about $13 billion in revenue next year, according to JPMorgan
Chase & Co. analysts.
Of the five banks analyzed, Obama’s proposals will impact
Goldman Sachs the most, resulting in an estimated $4.67 billion
drop in earnings in 2011, analysts led by London-based Kian
Abouhossein said in a note today. UBS stands to lose the least,
with revenue declining an estimated $1.92 billion.
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