A Goldman Sachs Group Inc. official tried Wednesday to put to rest continued speculation that Goldman might abandon its status as a financial holding company.
"I think right now as we look at the regulatory environment, changing our status is an unrealistic outcome," Chief Financial Officer David Viniar said at a Credit Suisse financial services conference in Miami.
Goldman became a financial holding company during the financial crisis to receive financial support from the Federal Reserve.
Going back to investment bank status would allow Goldman to take on more risk to the balance sheet. It could also allow Goldman to sidestep any potential rules being considered in Congress about curbing proprietary trading.
