Splitting Banks Could Release Value
- 5 years ago
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Before the financial crisis the market believed banks were worth as much as four times the value accountants had written in their books. Since 2008 values have collapsed to much less than par. Andrew Haldane, executive director financial stability at the Bank of England discusses with economics editor Chris Giles how splitting banks could increase value for investors.
Before the financial crisis the market believed banks were worth as much as four times the value accountants had written in their books. Since 2008 values have collapsed to much less than par. Andrew Haldane, executive director financial stability at the Bank of England discusses with economics editor Chris Giles how splitting banks could increase value for investors.