The Barrier to Breaking Up the Banks
Business Week
Cornelius Hurley, School of Law, Center for Finance, Law & Policy
Wall Street banks are fending off calls to break up from stockholders, analysts, and industry veterans like former Citigroup (C) Chief Executive Officer Sandy Weill, who arranged the 1998 merger of Travelers Group and Citicorp that ushered in the era of so-called universal banks…
