BUSINESS
01/10/2009 05:12 am ET | Updated May 25, 2011

Meredith Whitney: Banks On Life Support For Next 18 Months

Influential bank analyst Meredith Whitney remains bearish about the economy, and her outlook for the banks that "lubricate the economy" is grim.

"The big banks are going to be on life support for at least 18 months, if not 36 months," Oppenheimer's executive director of equity research told CNBC Wednesday morning. "The big banks will not fail, but the big banks will not grow, in my opinion, for at least another two years."

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