The Boston Globe

Business

H&R Block hires Goldman to advise on options for dropping savings and loan status

The largest US tax preparer has hired Goldman Sachs to advise it on alternatives for its bank unit. H&R Block may drop its savings-and-loan status so that it no longer falls under the Federal Reserve’s jurisdiction; that’s because of proposed rules that would force it to have additional capital. H&R Block is considering ‘‘a number of alternatives’’ for its bank, it said.