Big Bank Breakups Unlikely, Says MS Chief

30 Nov 2012

James Gorman, chairman and ceo of Morgan Stanley, says it is “highly unlikely” that the federal government would support breaking up large banks, though he predicted there would be increased consolidation among regional financial institutions.

James Gorman, chairman and ceo of Morgan Stanley, says it is “highly unlikely” that the federal government would support breaking up large banks, though he predicted there would be increased consolidation among regional financial institutions.

Click here to read the story from Dow Jones Newswires.

...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial