Dick Bove: Bank Breakup Would Help China Take Over

HFA Padded
HFA Staff
Published on
Updated on

Dick Bove, a famous bank analyst at Rafferty Capital, thinks that breaking up the big banks would be bad for the United States, and it would be very, very good for China. The analyst’s remarks echo recent comments made by JPMorgan Chase & Co. (NYSE:JPM) CEO James Dimon. Bove, who was speaking on the CNBC program “Squawk Box,” said that breaking the big four banks in the United States into smaller parts would allow Chinese banks to take over the global financial system. The idea of China controlling the world’s finances is clearly not in the strategic interest of the…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

The post above is drafted by the collaboration of the Hedge Fund Alpha Team.