NEW YORK (TheStreet) -- Venture capital funds were among the big winners in the Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law by President Obama last week, possibly giving a boost to a pocket of the deal industry that has struggled even more than most.
Though big banks like Citigroup(C), Bank of America(BAC), Wells Fargo(WFC) and Goldman Sachs(GS) got off easier than many expected would be the case as recently as a few weeks ago, they will still be subject to a host of new restrictions on activities such as derivatives trading, private equity investing, and charges they assess to merchants for credit card transactions.
Many of those restrictions emanate from the fact that these financial giants enjoy government support in the form of cheap loans from the Federal Reserve.
To read the full, original article click on this link: Venture Capital a Winner in Dodd-Frank - TheStreet
Author: Dan Freed