The Megabank Meltdown May Not Be Over

Ever since the demise of Bear Stearns in the spring of 2008, rapidly followed by the collapse of Lehman Brothers and the sale of Merrill Lynch that autumn, debate has swirled around the future of the banking industry. Are its major institutions – behemoths like JPMorgan Chase (NYSE: JPM), Bank of America Merrill Lynch (NYSE: BAC) and Citigroup (NYSE: C) – too big to fail? Too big to manage? Still able to generate enough in profits?