Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

2016 Postmortem

kcjohn1

(751 posts)

4. That is not what breaking them up is about

Reply to Nye Bevan (Original post)

Mon Apr 25, 2016, 08:17 PM

Apr 2016

Chase has several different business lines. What you are talking about is Chase commercial banking which is the part of the company that provides traditional banking services (deposits/withdrawls/loans).

If Chase were to be broken up, the commercial banking would stay as one unit. What would be spun off would be the investing wing of the company that takes your deposits and does all the shady stuff. Once broken up, if the investment wing gets in trouble, all that will be lost is investors money not your bank deposits.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

16 replies

= new reply since forum marked as read

Highlight:

When Bernie breaks up the banks, how many banks will Chase become? [View all] Nye Bevan Apr 2016 OP

damn oligarch dlwickham Apr 2016 #1

If a groundhog could grind ground, Fuddnik Apr 2016 #2

Primer... HumanityExperiment Apr 2016 #3

That is not what breaking them up is about kcjohn1 Apr 2016 #4

Thank you for this good explanation. SalviaBlue Apr 2016 #6

Chase is broken up...JP Morgan does investing, Chase does banking. JaneyVee Apr 2016 #7

Guess we'd better not break up the banks, then.....if you have to pay a small atm fee while on vacay virtualobserver Apr 2016 #5

Breaking up Chase doesn't mean fewer branches, it means they would be in fewer businesses. thesquanderer Apr 2016 #8

YOu are only seeing one facet of the business when you see the ATM nadinbrzezinski Apr 2016 #9

I worked at AT&T when the phone company was broken up hollysmom Apr 2016 #10

There's a national network of credit union ATMs, so the bank/credit union doesn't have to be big jfern Apr 2016 #11

You really have no clue do you? How about a bit of research. I am sure it will ease you worries. Live and Learn Apr 2016 #12

So you like banks that are so big we have to keep bailing them out? AgingAmerican Apr 2016 #13

Have you ever heard of ATM networks? Duh Armstead Apr 2016 #14

Hillary should make a campaign ad from this: Break up the banks and your ATM fees will go up!!! reformist2 Apr 2016 #15

Look! It's "Aw Shucks Nye!" morningfog Apr 2016 #16