NEW YORK (Reuters) - Goldman Sachs Group Inc
executives are weighing spinning off at least a part of the
bank's private equity business following financial reform
legislation, Fox Business reported Tuesday.
The discussions were prompted by concerns about the Volcker
rule, which restricts the amount of ownership banks can have in
buyout or hedge funds, the report said, citing a Wall Street
investment banker with direct knowledge of the matter.
The report also cited unnamed Goldman executives as saying
nothing was imminent as they believe under the Volcker rule the
firm will have five to seven years for such a move.
Goldman was not immediately available for a comment.
(Reporting by Paritosh Bansal; editing by John Wallace)