Thursday, March 14, 2013

Is Goldman riskier than it says?

Fortune’s Senior Editor Stephen Gandel writes: In the last year or so, Goldman Sachs executives have tried to portray their firm, often seen as a Wall Street swashbuckler, as a lot less risky than it used to be. The Federal Reserve appears not to be convinced.

We'll get a better idea of what the Fed thinks on Thursday after the market closes, when the bank regulator releases the final results of its stress tests.  The preliminary results suggest Goldman could lose $25 billion from bad trades in another financial crisis, more than any other bank tested by the Fed….

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