Bloomberg News

Fisher Says Excessively Big Banks Can Lose Risk Focus (Audio)

May 11, 2012

Federal Reserve Bank of Dallas President Richard Fisher speaks about the performance of the Texas economy, the risk of a sovereign-debt crisis in the U.S. and concerns about financial institutions deemed "too big to fail."

Fisher, when asked about a $2 billion trading loss by JPMorgan Chase & Co. (JPM:US), said U.S. banks can become so big they lose their focus on risk management. He spoke at the Texas Banker Association's annual convention in Fort Worth, Texas. (Source: Bloomberg)

00:00 Performance of Texas economy, banking 07:28 Questions: European crisis, government limits 13:05 JPMorgan's trading loss, big banks and risk

Running time 16:57

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