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Wall Street Journal reports: Big Banks Might Face Breakup, Top Regulator Says

Wall Street Journal reports: Big Banks Might Face Breakup, Top Regulator Says
Acting Comptroller of the Currency Michael Hsu said:Big banks may need to be broken into smaller pieces if they become too big to manage and are unable to fix significant regulatory lapsesA 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 upHsu was speaking at the Brookings Institution, a Washington think tank.Journal link here, may be gate... Read More
Posted: May 25 2023, 22:22
Author Name: forexlive
Views: 102240

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