Nomura, Insider Trading and Buying Politicians: Advanced Trading's Week in Review
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