Follow TopicFollow Contributor Share Feedback
Michael Hsu: Have Banks Become Too Big?

Michael Hsu: Have Banks Become Too Big?

by Starling Insights

Starling Insights Editorial Board

Jul 18, 2023


In a recent interview with the Wall Street Journal's Risk & Compliance Journal, US Acting Comptroller of the Currency Michael Hsu expressed concerns that some US banks had become "too big to manage," stating that they must demonstrate their ability to address risk management issues or face potential breakup. 

According to Hsu, the burden falls on the banks themselves to prove their viability by resolving long-standing problems. "What we've experienced is that some large banks can't do that well," Hsu said. "That's a sign that management either needs a new strategy, or there needs to be new management, or if neither of those works, the firm needs to be simplified." 

This content is available to paid Members of Starling Insights.

If you are a Member of Starling Insights, you can sign in below to access this item. 


If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform.  Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.

Join The Discussion

See something that doesn't look quite right?

We strive to provide high quality and accurate content at all times. With that said, we realize that sometimes links break, new information becomes available, or there is something that you feel we may have missed.

If you see something that you think we should be aware of, we would love to hear from you. Feel free to drop us a note below and leave your name and contact info if you'd like to hear back from us.

Thank you for being a key part of the Starling Insights community!