It was surprising to hear JPMorgan Chase & Co. Chief Executive Jamie Dimon say, “It would be a very bad long-term policy error to have banks that are too big to fail.”
Dimon, after all, runs one of the biggest members of the too-big-to-fail club. Things became clearer when he quickly added, “By that I don’t mean make the banks smaller. We’re large because we have a reason to be large.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
