Reform Bill Discourages Wall Street

Wall Street takes a sour view of the new banking bill, says James McDermott, 40, president of Keefe, Bruyette & Woods Inc., a securities firm that specializes in banks and thrifts. For one thing, even as banks cut costs by laying off workers and streamlining operations, Congress ends up imposing more costs in the form of increased regulation.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.