Will “too big to manage” banks be broken up?

The announcement of JPMorgan’s trading loss of more than $2 billion has renewed a call for more stringent oversight of Wall Street banks.     It inspired arguments that some global banks are “too big to manage.”   Besides the U.S. regulators struggling to oversee how big banks operate, JPMorgan’s executive team also seemed to face similar challenges.    Was it really a well-intended risk management or hedging that went … [Read more...]