The platforms of both U.S. political parties now favor a return to the Glass-Steagall separation of commercial and investment banking. Among the large universal banks, J.P. Morgan Chase would likely be hit hardest, ironically because it has done the best job creating an efficient whole. Investors in the shares of major banks won’t be cheering. The bank estimates it earns $15 billion a year in extra revenue... That isn’t a big surprise.

Source: Wall Street Journal August 01, 2016 20:48 UTC