By Kevin Dugan, Senior Writer, New York Post:
Investors are trying to do what Janet Yellen can’t. They are circling around some of the world’s largest banks, pushing for a breakup into as many as four different companies, as expensive regulations from Yellen’s Federal Reserve make “too big to fail” a heavy burden for shareholders. While JPMorgan — the largest US bank by assets — has been called upon to split up, Bank of America, Deutsche Bank and HSBC are also in the too-big-to-fail camp and shareholders say they’re getting less bang for their buck, Ryan Mendy, chief operating officer of analyst firm The Edge Group, told The Post.
And those banks could get broken up by 2018, he added. “At the end of the day, who cares about the bank as it is?” Mendy said. “It’s about the shareholder, it’s about the pension funds.” Break-up fever broke out on Wall Street in January after Goldman Sachs analysts said that rival JPMorgan could be worth as much as 25 percent more if it were broken up into as many as four companies.