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Article: Leadership May Decide Question of 'Too Big'.(National/Global)
- Article from:
- American Banker
- Article date:
- November 6, 2009
- Author:
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Byline: Heather Landy
(Last of three parts)
The debate over "too big to fail" raises tough questions about the complexity of big banks - not just whether their breadth is worth preserving, but whether it is even capable of being managed.
Fresh calls from respected corners of finance to limit the size or scope of banks have yet to make a slam dunk case for the dismantling of big institutions. But even those who would argue most passionately for the continued existence of big banks have a hard time defending the poorly run ones.
From Citigroup Inc.'s buildup of risky assets to Bank of America Corp.'s missteps with Merrill Lynch & Co., ...