Big Banks Are Hazardous to U.S. Financial Health
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Sept. 3 (Bloomberg) -- The debate over whether the U.S.’slargest banks are too big is heating up. Since the 2008financial crisis, the perception has taken hold among someanalysts and economists that certain U.S. institutions are toobig to fail, meaning they would have to be bailed out to protectthe financial system in the event of another calamity.
The recent trading losses at JPMorgan Chase & Co. andscandals over money laundering at HSBC Holdings Plc and StandardChartered Plc have prompted even financial-industry insiders toask whether these complex global organizations are too big tomanage.