Big Banks Might Not Like OCC's Heightened Expectations

Morgan Stanley (NYSE:MS), CIT Group Inc. (NYSE:CIT), Goldman Sachs Group Inc (NYSE:GS) and American Express Company (NYSE:AXP), as “corporate persons,” might have collectively awoken this morning and looked in the mirror, wondering, like a werewolf, what they have transformed into, writes Karen Shaw Petrou.

In a memo to Federal Financial Analytics clients, Petrou speculates they peered deeply into the mirror and were shocked to discover “My God, I’ve turned into a bank . . .


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