Apr
06
Wall Street Gets ‘Headache’ With Cohn Bank-Split View, Doll Says
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Banks still need to digest rules, get back on feet, he says
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Nuveen’s Doll says change could hinder progress of bank system
Bob Doll, chief equity strategist at Nuveen, said White House economic adviser Gary Cohn’s support for separating consumer-lending businesses from investment banks is an unnecessary complication for an industry already burdened by regulation.
“The banks have had so much on their plate and they need to digest it,” Doll said Thursday in an interview on Bloomberg Television. “Letting banks get back on their own feet makes a lot of sense. If we throw this in, it’s just another headache that I think will retard the return to health of the banking system.”…
Wall Street Gets ‘Headache’ With Cohn Bank-Split View, Doll Says
