10:58 AM
Sallie Weeps Blood, Greg Smith Cashes In, Breaking Up the Banks and More
1. True Blood
It makes you weep blood out of your eyes.
—Sallie L. Krawcheck (pictured at right), who ran Bank of America’s wealth management division before a management reshuffling last year, said regarding why she has concerns about the complexity of financial behemoths.
Source: A Warning on Bank Complexity, From Someone Who Would Know
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio