BUSINESS
08/30/2012 08:20 am ET Updated Oct 30, 2012

Big Banks Are Suddenly Afraid -- Why?

Top executives from global megabanks are usually very careful about how they defend both the continued existence, at current scale, of their organizations and the implicit subsidies they receive. They are willing to appear on television shows - and did so earlier this summer, pushing back against Sanford I. Weill, the former chief executive of Citigroup, after he said big banks should be broken up.

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