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Home | When will big banks grow up? |
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When will big banks grow up?
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- October 18, 2011
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FORTUNE -- Make no mistake, big banks will not be submitting to new regulations without a fight. A few weeks ago, JPMorgan (JPM) CEO Jamie Dimon reportedly got so worked up during an exchange with a governor from the Bank of Canada that Goldman Sachs (GS) CEO Lloyd Blankfein felt the need to send an email apology to the regulator after the group meeting. (Dimon later acknowledged the intensity with which he expressed his views). Bankers at the largest institutions may think bullying regulators will stop new capital requirements for the largest institutions -- but that tactic just may not work this time.
- Read more at:http://rss.cnn.com/~r/rss/money_topstories/~3/uBojv7NGsxk/
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