BUSINESS

Breakup Of Mega-Banks May Now Be A Feasible Option

07/27/2011 06:08 pm ET | Updated Sep 26, 2011

What was made can be unmade.

JPMorgan Chase and Wells Fargo may have venerable names, but they and the pseudo-venerable Citigroup and Bank of America are all products of countless mergers and agglomerations.

There is no rule of markets that requires a financial system dominated by four cobbled-together, lumbering behemoths.

Read more on The New York Times

Suggest a correction