Former Merrill Lynch CEO John Thain told CNBC that "too big to fail" banks are still a problem for markets.
The list of nine too-big-to-fail insurers was published late Friday by the Financial Stability Board, the Basel, Switzerland-based body set up by the Group of 20 nations.
Goldman Sachs says that the commonly held view that TBTF banks can borrow cheaply used to be a little bit correct, became very correct during the financial crisis, and now is totally incorrect.
U.K. banks are still lending too little to the real economy, according to Andrew Haldane, the BoE's executive director for financial stability, and combating a "too big to fail" mentality is still unfinished business.
Apparently the unanimous vote in Washington is not extinct.
Calls to break up the nation's major banks do not solve the risk problems at the heart of the 2008 financial crisis, Robert Rubin, former Clinton Treasury Secretary, told CNBC.
Top U.S. bank regulators and lawmakers are pushing for action to limit the risk that the government again winds up financing the rescue of one or more of the nation’s biggest financial institutions.
The Federal Reserve changed its annual set of tests for the 30 largest U.S. banks to incorporate the risk of a deeper slump in Asia, where Citigroup has a bigger presence than competitors.
Banker bonuses as much as five-times fixed pay would be allowed under compromise European Union proposals on compensation that clash with tougher demands from EU lawmakers.
The debate over whether the U.S.’s largest banks are too big is heating up.