Meredith Whitney: Sees Big Banks Becoming Much Smaller -CNBC

Date : 08/08/2012 @ 9:06AM
Source : Dow Jones News
Stock : Bank of America Corp. (BAC)
Quote : 26.515  0.035 (0.13%) @ 3:58PM

Meredith Whitney: Sees Big Banks Becoming Much Smaller -CNBC

Bank of America (NYSE:BAC)
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Analyst Meredith Whitney said on CNBC Wednesday that she expects big U.S. banks to become "a lot smaller," not because they will be broken up but because "shareholders will force them to become a lot more profitable."

Ms. Whitney said she sees a big bank like Bank of America (BAC) for instance becoming a "much more efficient, streamlined business."

Full story at www.cnbc.com

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