Regulators Make New Push, and Goldman Could Take the Brunt
Fed wants Congress to repeal banks’ authority to engage in merchant banking, while the central bank and OCC seek to limit commodities-market activities
By RYAN TRACY and LIZ HOFFMAN
Updated Sept. 8, 2016 7:20 p.m. ET
Two U.S. financial regulators pressed for new limits on banks’ involvement in commodities and other businesses outside traditional lending, a move that could hit Goldman Sachs Group Inc. and some of its large peers.