Why Can't the Banks Break Up Themselves?

Filed under: Citigroup Inc. (C), JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs Group (GS), Wells Fargo (WFC), Financial Crisis

While we wait for details on the president's plan to break up the banks, I wonder why the banks can't decide to break themselves up?

Wouldn't it be so much better to break up themselves than wait for President Obama to do it for them? Investment banks specialize in mergers and acquisitions and the converse spin-offs. Mergers and acquisitions are big business for Wall Street and they happen all the time. In fact, that's how many of the banks got so big.

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Why Can't the Banks Break Up Themselves? originally appeared on BloggingStocks on Sat, 23 Jan 2010 14:10:00 EST. Please see our terms for use of feeds.

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