World

JPMorgan’s Blunder Doesn’t Mean U.S. Should Bust Up Banks

May 23 (Bloomberg) -- JPMorgan Chase & Co.’s colossal $3 billion-and-counting trading blunder has breathed new life into long-simmering calls to break up big U.S. banks. We agree they’ve become too concentrated, too complex and too unwieldy to effectively regulate or manage, but there are better solutions than asking bureaucrats to take them apart.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.