School News
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An op-ed by NYU Life Trustee & Chairman Emeritus Overseer Henry Kaufman on the future of big banks
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![Wall Street Journal logo Wall Street Journal logo](/sites/default/files/styles/192w_x_144h/public/assets/images/wsjlogo.jpg?h=cd55d432&itok=Ak755mbf)
Excerpt from The Wall Street Journal -- "As the trend continues—as the huge financial conglomerates operate under continuous and rigorous scrutiny—they will become financial public utilities. Meanwhile, the crucial job of competitively allocating credit will be relegated to a shrinking portion of the financial markets."
School News
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![Wall Street Journal logo Wall Street Journal logo](/sites/default/files/styles/192w_x_144h/public/assets/images/wsjlogo.jpg?h=cd55d432&itok=Ak755mbf)
Excerpt from The Wall Street Journal -- "As the trend continues—as the huge financial conglomerates operate under continuous and rigorous scrutiny—they will become financial public utilities. Meanwhile, the crucial job of competitively allocating credit will be relegated to a shrinking portion of the financial markets."