Shareholder Bids To Break Up Banks Face Long Odds

Law360, New York (January 31, 2013, 8:44 PM EST) -- Union pension funds have renewed their efforts to force the boards of the nation's biggest banks to consider proposals to break up the financial behemoths, but securing widespread shareholder support may prove difficult unless regulators make the costs of size outweigh the benefits, experts say.

The AFL-CIO Reserve Fund recently proposed giving JPMorgan Chase & Co. shareholders the chance to decide whether the board of directors at the bank — America's largest by assets — should study the question of breaking it up. JPMorgan has petitioned...
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