Biggest U.S. Banks Spawned 10,000 Units to Avoid Taxes

Biggest U.S. Banks Spawned 10,000 Units to Avoid Taxes

Scott Eells/Bloomberg

A pedestrian passes in front of 200 West Street, which houses the headquarters of Goldman Sachs Group Inc. that has about 3,000 legal units, more than double the 1,366 entities controlled by Wells Fargo & Co., according to a Fed study.