Thread regarding Bank of America layoffs

Big banks may face breakup, Top Regulator says

https://www.wsj.com/articles/too-big-to-manage-banks-may-face-breakup-top-regulator-says-11673982801

by
| 1394 views | | 2 replies (last January 19, 2023) | Reply
Post ID: @OP+1kKH5XKZ

2 replies (most recent on top)

"A bank’s failure to resolve longstanding deficiencies despite reprimands from its regulators and onerous restrictions such as caps on its growth are evidence that a firm is unmanageable and needs to be broken up, acting Comptroller of the Currency Michael Hsu said."
So basically Wells. As far as I am aware BOA is pretty good in this regard.

by
| | Reply
Post ID: @1dfn+1kKH5XKZ

It's about time. I want to see Merrill Ly--h on their own again, BAC shoud stay out of the investment business, stick with retail and pawn shops.

by
| | Reply
Post ID: @1cbn+1kKH5XKZ

Post a reply

: