Goldman Sachs argues for a big bank breakup
For years, we’ve been talking about whether some of the country’s largest banks are “Too Big to Fail” and what to do about them. Should the government somehow force them to be smaller? And would the public be better off? The question of banks and size came up again this week when a Goldman Sachs report argued that JPMorgan Chase should split itself in smaller pieces – not for the benefit of the public, but for the company’s shareholders, because the bank is now subject to increased capital requirements after the financial crisis.
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