New bank failures revive break-up calls

By:
Peter Lee
Published on:

Just when you thought banks’ reputations couldn’t get any worse, their standing collapses almost completely. The recent travails of JPMorgan, Barclays and HSBC will adversely affect the whole industry and raise demands to cut big banks down to size once again. But in tackling banks’ problematic complexity, let’s not forget the benefits of diversification.