5. Not So Fast
These calls, however, ignore the unintended consequences of making our global banks too small to succeed: Much of the business will migrate to non-U.S. banks and the less-regulated shadow banking sector. [Former CITI CEO Sandy] Weill and the rest also neglect to consider key reforms that protect taxpayers from a potential failure.
—Philip Swagel, on calls to stop banks from being too big to fail
Source: Bloomberg View
Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio