Goldman’s rivals ram home advantage as US regulators lurk

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Goldman’s rivals ram home advantage as US regulators lurk

Jamie Dimon and Lloyd Blankfein
Jamie Dimon (L) CEO and chairman of JPMorgan Chase & Co, and Lloyd Craig Blankfein, CEO of The Goldman Sachs Group, Inc. walk away from the White House after a meeting with U.S. President Barack Obama at the White House March 27, 2009 in Washington, DC. Photo by Olivier Douliery/ABACAUSA.COM (Pictured :Jamie Dimon, Lloyd Craig Blankfein ) | Olivier Douliery/ABACA/Press Association Images

JP Morgan, Citi and BAML have gained most from industry tailwinds during the first quarter, while Goldman Sachs lagged behind. But the spectre of regulatory reform threatens the universal model just as it is gathering real momentum, writes David Rothnie.

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