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Meredith Whitney Predicts Obama Bank Plan Will Pass (Update1)
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By Lynn Thomasson and David Merritt
Jan. 22 (Bloomberg) -- Meredith Whitney, the banking analyst who forecast
Citigroup Inc.’s dividend cut in 2008, said plans to limit risk-taking at
financial companies will probably be approved and may “dramatically”
reduce trading profits.
The prospect of increased regulation makes bank stocks expensive, she said
in a report dated yester
Share Business ExchangeTwitterFacebook| Email | Print | A A A
By Lynn Thomasson and David Merritt
Jan. 22 (Bloomberg) -- Meredith Whitney, the banking analyst who forecast
Citigroup Inc.’s dividend cut in 2008, said plans to limit risk-taking at
financial companies will probably be approved and may “dramatically”
reduce trading profits.
The prospect of increased regulation makes bank stocks expensive, she said
in a report dated yester