The era of investment banks appears to have ended. Goldman Sachs and Morgan Stanley, the last big independent investment banks on Wall Street, are transforming themselves into bank holding companies subject to far greater regulation.

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Democracy Now!
Amy Goodman
With lies and disinformation flooding the media landscape, and the Trump administration increasing its attacks on journalists, the need for independent news questioning and challenging those in power is more critical now than ever. We do not take any government or corporate funding, so we can remain unwavering in our commitment to bring you fearless trustworthy reporting on the issues that matter most. If our journalism is important to you, please donate today. Every dollar makes a difference. Thank you so much.
Democracy Now!
Amy Goodman
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The era of investment banks appears to have ended. Goldman Sachs and Morgan Stanley, the last big independent investment banks on Wall Street, are transforming themselves into bank holding companies subject to far greater regulation.