Posted On: 03/06/2016 7:21:35 AM
Post# of 5789
BANK BREAK-UPS AHEAD?
NYT’s Peter Eavis: “Governments around the world have built over the last few years a vast new system of rules that would allow banking giants to fail and shield taxpayers from bailouts. Though this new regulatory architecture is eye-numbingly complex, its builders contend that it has made the financial system much safer without having to resort to measures like forcing a breakup of the largest banks.
“But that reassuring view has taken a beating of late. Recent turmoil in European debt markets pointed to a possible weakness in a crucial part of the new regulatory system. Shares of large banks have been under pressure, trading at valuations that indicate investors have little faith in the companies’ sprawling business models. Some mergers-and-acquisitions bankers on Wall Street are privately beginning to conclude that some of the largest banks may break up in the coming years”
http://nyti.ms/1T9CGx7
NYT’s Peter Eavis: “Governments around the world have built over the last few years a vast new system of rules that would allow banking giants to fail and shield taxpayers from bailouts. Though this new regulatory architecture is eye-numbingly complex, its builders contend that it has made the financial system much safer without having to resort to measures like forcing a breakup of the largest banks.
“But that reassuring view has taken a beating of late. Recent turmoil in European debt markets pointed to a possible weakness in a crucial part of the new regulatory system. Shares of large banks have been under pressure, trading at valuations that indicate investors have little faith in the companies’ sprawling business models. Some mergers-and-acquisitions bankers on Wall Street are privately beginning to conclude that some of the largest banks may break up in the coming years”
http://nyti.ms/1T9CGx7
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