The New York Times broke that Goldman Sachs (one of the largest investment banks in the world) is bucking the trend among the bigger institutions and plans to be the first Bitcoin trading operation at a Wall Street bank. It is big news for such a big financial institution to throw its weight behind a product that others would not even touch with a stick due to the associated risks and government skepticism.
As expected in the days after the announcement, investors were emboldened by the move and are expected to follow the lead . More importantly according to CNBC, other banks are also expected to emulate as they do not want to get left behind. I personally am not surprised as the Virtual Currency market is huge, but the question remains of how they plan to effectively manage the risks and sell the idea to more conservative institutions and nations.