Bloomberg News

Bullard Says Largest U.S. Banks Should Be Broken Up (Audio)

May 17, 2012

Federal Reserve Bank of St. Louis President James Bullard speaks in Louisville, Kentucky, about regulation of the U.S. financial industry.

Bullard, asked about JPMorgan Chase & Co.'s $2 billion trading loss, said large banks should be broken up into smaller businesses that can be more easily managed. Bullard also discusses the U.S. economy and central bank monetary policy. (Source: Bloomberg)

00:00 Bullard offers opening remarks. 01:36 U.S. economy, outlook; monetary policy 12:01 Questions: JPMorgan loss, Dodd-Frank law 15:05 Bullard responds to additional questions.

Running time 27:48

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