Good times are over. JPMorgan Chase is selling off a chunk of its private equity business. BOFA and WF closing branches left and right. AIG is contemplating breaking into smaller pieces. Goldman Sachs and Morgan Stanley are watching trading profits dwindle with no real clue whether or when they will ever come back. Giant banks including Wells Fargo will now be required to raise about $120 billion in new capital. General Electric is getting out of the financial services business entirely.
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OK Sherlock, have you had to solicit Dr. Watson's help while putting together this epic post?