Bove Sees Bank Layoffs From Delay in Industry's Recovery

Richard Bove, an analyst at Rochdale Securities, talks with Bloomberg's Julie Hyman and Mark Crumpton about the outlook for the banking industry.

Bove also discusses the "staggering success" of the Troubled Asset Relief Program, and investor sentiment. (Source: Bloomberg)

00:00 Success of TARP; "bad" explanation of program 03:32 Banking industry outlook; investor sentiment

Running time 06:44

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