TITLE

Breakup Could Earn Big Banks Billions

PUB. DATE
January 2010
SOURCE
American Banker;1/27/2010, Vol. 175 Issue 14, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that financial analysts with the firm Keefe, Bruyette & Woods stated that U.S. President Barack Obama's proposed legislation to limit the growth of financial services companies such as investment banks could actually result in an increase in those firms' profits. The analysts said that being forced to divest themselves of some operations would give Goldman Sachs and Morgan Stanley tens of billions of dollars in capital for other investments.
ACCESSION #
47760557

 

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