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Big banks see the need to shrink – but face a path full of obstacles

 Reuters 22 February 2019

The U.S. Federal Reserve is demanding the global break up of big banks. While no senior bankers want to be split up or downsized, many acknowledge that their institutions might be better off smaller and simpler. Yet there could be major barriers to restructuring, they say. Senior bankers tell Reuters they are struggling with the costs and restrictions they face as a result of new post-financial crisis regulations, as well as a weak global economy and troubled financial markets. (1265 Words) - By Olivia Oran and Anjuli Davies

Reuters_Big banks see the need to shrink but face obstacles

A 'Wall St' sign is seen above two 'One Way' signs in New York August 24, 2019. Wall Street opened sharply lower on Monday with the Dow Jones industrial average losing more than a 1,000 points following a more-than 8 percent drop in Chinese shares and a selloff in oil and other commodities. Credit: REUTERS/Lucas Jackson

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