The Unpersuasive Case for Big Global Banks

Large multinational nonfinancial companies waded into the debate over too-big-to-fail financial institutions this week, coming down strongly on the side of very large global banks. Specifically, the Business Roundtable, a group representing big nonfinancial companies, sent a letter to the leadership of the House Financial Services Committee and the House Ways and Means Committee arguing in favor of including financial services in any potential new trade agreement with Europe (known as the Transatlantic Trade and Investment Partnership, TTIP, pronounced T-tip).