Morgan Stanley CEO Denies Possibility Of Big Banks’ Break Up

Morgan Stanley (NYSE:MS) CEO James Gorman has stated that there is little likelihood of the federal government supporting a break up of the country’s biggest banks, reports WSJ. Gorman stated that he actually expects firms in the industry to get larger, as smaller regional banks consolidate in a bid to meet higher costs. The statement is in direct conflict with the sentiment that the country’s largest banks would be worth more to their shareholders in smaller parts, rather than in their current form. Last June, Michael Price, who was a key figure in the formation of JPMorgan Chase & Co….