Gary Cohn, the top economic advisor to...
Treasury Secretary-designate Steven Mnuchin...
The Republican Party wants to bring back one of...
Former Secretary of State Hillary Clinton's...
Elizabeth Warren made a speech at the Levy...
Weill fought to repeal Glass-Steagall.
It's all about where you want to go and how you get there.
Paging Sandy Weill.
[credit provider=”flickr/eatmo” url=”http://www.flickr.com/photos/eatmo/2663768256/sizes/o/in/photostream/”] During the off-hours on Sunday, when few people were willing to ruin whatever remained of their weekend and when even astute observers weren’t supposed to pay attention, the National Association of Insurance Commissioners approved new rules that would allow life insurance companies to lower their reserves for […]
[credit provider=”Business Insider”] In Part 1 of “The Glass-Steagall Debate Doesn’t Matter,” I made the case that – regardless of where the public debate stands on reinstituting Glass-Steagall – the chances of that are very slim, absent another financial meltdown.But what DOES very much matter is what this debate represents: […]
[credit provider=”Business Insider”] Over the course of the summer, we had a flare up of a national debate on whether Glass-Steagall should be reinstated.There has been a rush of well-known senior banking executives from the past lining up around the issue: Phil Purcell (of Dean Witter fame), John Reed (Citibank), […]
Did you think for a second that Jon Stewart would let this opportunity to make fun of Wall Street go?
Now that former Citi CEO Sandy Weill has said that he thinks that Wall Street banks should be broken up, everyone’s talking about how it could be done as painlessly as possible.
[credit provider=”Bloomberg”] Former Citi CEO and legendary Wall Street executive Sandy Weill shocked the financial industry today.While hosting CNBC’s Squawk Box, he called for banks to be broken up — for retail banks to be separated from investment banks.
This morning, former Citigroup CEO Sandy Weill said that Wall Street banks needed to be split up so that retail banking was separate from investment banking.
Sandy Weill already said that Wall Street banks should be broken up on Squawk Box this morning, so there was obviously one question lingering in the air.
[credit provider=”MSNBC” url=”http://presspass.msnbc.msn.com/_news/2012/05/13/11678545-press-pass-jpmorgan-chase-ceo-jamie-dimon?lite”] “Which Jamie Dimon will appear before the Senate Banking Committee in Washington on Wednesday?” asks Reuters BreakingViews columnist Rob Cox in a Slate piece. “The self-effacing JPMorgan boss offering apologies for his bank losing at least $2 billion on bum trades?,” he asks? “Or the combative JPMorgan leader […]
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