‘Too Big to Fail’ Banks Thriving a Few Years After Financial Crisis
ByNearly eight years after the onset of the financial crisis, its unintended consequences continue to startle and amaze.
For instance, who would have thought that many of the big European banks – among them Barclays, Credit Suisse, Deutsche Bank and UBS – would have new chief executives, two of whom are American, and be more or less in retreat from the global investment banking business?
Who would have thought that the big banks would pay nearly $200 billion in fines and other considerations to various branches of federal and state governments and that not a single top Wall Street executive would be held responsible for perpetrating the wrongdoing represented by those huge fines?…
‘Too Big to Fail’ Banks Thriving a Few Years After Financial Crisis
