The body that monitors the global financial system on Tuesday moved US lender Bank of America down a notch and French counterpart Credit Agricole up one on its "too big to fail" list of banks.
The Financial Stability Board, the international body that monitors the global financial system and provides recommendations, has moved Bank of America (NYSE:BAC) to a lower category on its "too big ...
“During the financial crisis of 2008, the American people were told that they needed to bailout huge financial institutions because those institutions were too big to fail. Yet, today, three out of ...
and Bank of America’s purchase of Countrywide and Merrill Lynch – and institutions are smaller than in 2008,” he said. Nevertheless, many believe that some of the major bank names are still too large ...
"Boeing's too big to fail, but it's not too big to be mediocre," says Ronald Epstein, a managing director at Bank of America, who follows the firm. Chinese state-backed manufacturer Comac is now ...
The phrase “too big to fail,” often used to describe giants in the financial and automotive industries, stemmed from a massive bank failure. In America, size matters. But bigger isn’t always ...
Concerns that regional US lenders could turn into the next set of too-big-to-fail banks have increased expectations ... He said he was concerned that if a regional bank failed that only a global ...