Thursday, July 26, 2012

U.S. big banks' glory days feared to be gone for good


* Low rates, more regulation depress profit outlook
* Banks show few fundamental signs of improvement in Q2
* Only choice for big banks may be to slim down
(Adds Sandy Weill comments)
By Jed Horowitz
NEW YORK, July 25 (Reuters) - The summer of 2012 may be remembered as the time when regulation, scandals and a protracted slow-growth economy finally caught up with big American banks.
Ever since the financial crisis, U.S. banks and their investors have held out hopes of a return to the good times, when lending profits steadily rose and commercial and investment banking flourished together.


http://in.reuters.com/article/2012/07/25/idINL2E8IP4F320120725