Banks are getting bigger, not smaller. Clearly they learnt nothing from the 2008 financial crisis

The rally in global banking stocks is underpinned by expectations that the new US administration will reduce the new regulations imposed in the wake of the 2008/2009 financial crisis.  However, the dangers posed by a large financial sector have, in fact, not gone away. In the US and globally, the combination of too big to fail plus a relaxation in measures designed to modest reduce financial sector make be laying the foundation for another financial crisis.

In the lead up to 2008, parallel to increasing debt levels, the size of banks rose sharply, especially relative to the size of certain

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