The Return of Zombie Banks

Big Banks look that they are going to be zombie banks again. Bank of America (BAC, Fortune 500) has plunged 53% because of it’s numerous legal risks, rumors say a lot of times that BofA will raise it’s capital, and BofA says there is no need for this but the markets can’t believe it. Goldman is down more than 35% this year, leading some to wonder what is happening to wall street “vampire squid”. Big banks are too important to completely let die. As long big Banks are sinking an albatross around the economy. we can’t let banks down as “Banks need to be healthy to lend and for the economy to grow” The situation is better now than from 3 years ago, problems are old and economy will be slow for some coming years.

Read the original article here:The zombie banks are back