Sep 16, 2013

US Banks Are Even-Bigger-To-Fail

"Five years after Lehman's collapse US banks are even-bigger-to-fail given consolidation: J.P. Morgan taking over Bear Stearns, Bank of America taking Countrywide & Merrill Lynch, Wells Fargo taking Wachovia." - in Twitter

Related stocks: Bank of America (BAC), J.P. Morgan (JPM), Wells Fargo (WFC)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.