NEW YORK (TheStreet) — Calls to break up the big banks are on the rise, but Federal Reserve Chairman Ben Bernanke suggests just leaving it to market forces.
In Congressional testimony Thursday, Bernanke said that post-crisis regulations requiring large banks to hold higher capital and subject them to a greater supervision will “take away the advantage of size.”
“Market forces themselves will make it attractive to downsize, rationalize and so on,” said Bernanke. …
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