Matt Levine, Columnist

Nobody's Worried About 'Too Big to Jail' Anymore

Really, you should be fined for every time you post a message in a chat room called "the Cartel."

May 11, 2015 at 11:00 AM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

Provide news feedback or report an error

Site feedback:

Take our Survey

It is a little hard to believe, but it was only a year ago that we were talking about whether a criminal indictment of a big bank would cause the collapse of that bank, or even of the broader financial system. Here's a paragraph from Bloomberg News, dated last May, that sums up what a lot of people were thinking:

But Credit Suisse and BNP Paribas did ultimately plead guilty to criminal conduct, and they seem to be none the worse off for it. And here are two more paragraphs from Bloomberg News, dated Friday: