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Analyst: Banks Need Fundamental Reforms Bank analyst Karen Petrou says the United States can expect to see a lot of volatility in the financial industry. She says the industry as a whole — including the 20 largest banks — have not yet made fundamental reforms to stabilize the industry.
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Financial Turmoil Grips World Markets

Analyst: Banks Need Fundamental Reforms

Heard on Morning Edition

Analyst: Banks Need Fundamental Reforms

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Bank analyst Karen Petrou says the United States can expect to see a lot of volatility in the financial industry. She tells Steve Inskeep that the industry as a whole, including the 20 largest banks, have not yet made fundamental reforms to stabilize the industry.

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Special Series

Financial Turmoil Grips World Markets