Goldman Sachs is last major bank holding CDO squared

Goldman Sachs appears to be the last major Wall Street dealer with holdings of collateralised debt obligations (CDO) squared, the infamous structured products that wreaked havoc during the financial crisis.

The bank held $50 million of the instruments in its trading book at end-June. JP Morgan, Bank of America, Citigroup, Morgan Stanley and Wells Fargo reported no holdings. 

Each dealer has progressively reduced CDO squared assets since mid-2013, when mandatory quarterly balance sheet

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