Goldman to retain private equity business

David Viniar, Goldman's chief financial officer reportedly said the bank would not sell off its private equity business, as the regulation was still in its initial stages and therefore its full financial impact is yet to be assessed.

This comes as a number of US banks shed exposure to private equity, with Citigroup selling about $5bn in private equity interests to Lexington Partners, while Bank of America sold its $1.9 billion portfolio of LP interests to AXA Private Equity.

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