Financial Business Update: Goldman’s PLAN B For Top Banks

A Goldman analyst team says that banks should have a “Plan B”. Prescriptions for some of the top companies include: Citigroup Inc. (NYSE:C) should spin off its real estate assets in North America, plus write off deferred tax assets; Morgan Stanley (NYSE:MS) needs to reduce its fixed income assets, and use the proceeds to repurchase shares. Bank of America Corporation (NYSE:BAC), Zions Bancorporation (NASDAQ:ZION), and Regions Financial Corporation (NYSE:RF): little growth seen, so reduce costs, divest certain divisions, and return the proceeds to shareholders.

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