Cohn Said to Back Split of Lending, Investment Banks

The transcript discusses the dynamics of banking, focusing on the potential impact of separating investment and retail banking. It highlights the relative positions of major banks like JP Morgan and Goldman Sachs, and the regulatory challenges involved. The conversation touches on the concept of 'casino banking' and the risks associated with it. The discussion also explores the idea of expectation management in the context of potential legislative changes, noting past bipartisan support but the difficulty of passing such measures through Congress.

Which bank is mentioned as potentially being a big loser if banks were split up?

• Bank of America

• Citibank

• JP Morgan

• Goldman Sachs

What term is used to describe the risky side of banking?

• Retail banking

• High Street banking

• Casino banking

• Corporate banking

What is the relationship between regular banking and investment banking described as?

• Firmly linked

• Irrelevant

• Completely separate

• Occasionally connected

What is a potential benefit of splitting up banks?

• Higher interest rates for consumers

• Decreased risk of bank failure

• Reduced regulatory oversight

• Increased shareholder profits

What is the main challenge in passing banking reform legislation?

• Congressional approval

• Presidential veto

• Bipartisan support

• Lack of public interest