Bank consolidation needed as more credit comes from outside banking, says Meredith Whitney

Bank consolidation needed as more credit comes from outside banking, says Meredith Whitney

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Meredith Whitney, founder and CEO of Meredith Whitney Advisory Group, joins ‘Squawk on the Street’ to discuss growing trends in bank consolidation, ring-fenced banks leading to a decrease in lending, and predictions for where the next regional hub of banks will be.

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