In the United States, banks are starting to separate their commercial and investment banking operations. According to banking analyst Meredith Whitney, there’s no need for any radical breakup as suggested by former Citigroup chairman Sandy Weill. Whitney is the founder of the Meredith Whitney Advisory Group. She said that any draconian moves to split up banks are unnecessary. Weill earlier told CNBC that he thinks it’s the right time to break up big banks to prevent a repeat of the large taxpayer... 

Most U.S. banks have passed the latest round of U.S. stress tests. March 14, 2012- The Federal Reserve was pleased to see that the majority of banks passed their latest stress tests. On Tuesday, the Federal Reserve announced that 15 of the 19 larger financial firms had sufficient capital to make it through a difficult recession. The results were announced 48 hours early and helped pave the way for banks buy back some shares and increase dividends. A senior financial analysts said, “When the Fed...