While Wells Fargo seems to be the focus for now, it could later apply to other banks.
https://www.wsj.com/articles/too-big-to-manage-banks-may-face-breakup-top-regulator-says-11673982801
3 replies (most recent on top)
Yawn this is boring as citi rocks. Go citi!!!
then apply to big tech this is not a banking issue it's a large corp issue which crosses many industries
On Tuesday, Mr. Hsu said the most effective and efficient way to successfully fix issues at a bank deemed too big to manage is to simplify it by divesting businesses, curtailing operations and reducing complexity.
A bank’s size and complexity is the core problem that needs to be solved, he added, “not the weaknesses of its systems and processes or the unwillingness or incompetence of its senior leaders,” he said.