Tag: bank of america
Citigroup Creator Says Break Up The Big Banks
The banking industry was sucker punched late last week by an unlikely assailant. Former Citigroup Chairman and CEO, Sanford “Sandy” Weill, appeared on CNBC’s Squawk Box and called for breaking up America’s big banks. Here’s what he said… “What we should probably do is go and split up investment banking from banking. Have banks be […]
Will The Bank Stocks Soar?
We all remember what happened the last time Treasury Secretary Geithner presented a bailout plan for the banks. The Dow plunged 380 points. It was a brutal, month long, downtrend to decade old lows. Before it was all over, the blue chip index had come within spitting distance of 6,500 and lost 21% of its […]
