Breaking News

Tweet TWEET

Mediobanca’s Wheeler Says Banks Need to Stay Diversified (Audio

Chris Wheeler, banking analyst at Mediobanca, says Morgan Stanley (MS) has a significant pool of legacy assets which aren’t earning anything and he questions how long the firm can carry that capital weight on its shoulders. Wheeler has an underperform rating on Goldman Sachs based on what he calls its ‘opaqueness’ and because it won’t diversify enough. Wheeler says banks need to stay diversified in order to satisfy clients in different parts of the businesses. Wheeler speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.

Running time 05:51

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.