January 25, 2012

Group calls for U.S. to break up Bank of America

(Reuters) - A group of consumer advocates, academics and economists want to end "too-big-to-fail" banks, starting with Bank of America Corp.

The group, led by consumer advocacy organization Public Citizen, plans to file a petition with the Federal Reserve Board and other regulators on Wednesday asking them to carve the bank into simpler, safer pieces. Read more.

Reuters

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