(BLOOMBERG) — Wall Street banks are about to face another test of whether words will ever hurt them.
Bernie Sanders, the Democratic presidential candidate from Vermont, will vow to break up the largest U.S. banks within one year of taking office, according to prepared remarks for a Tuesday speech in New York. Sanders lambasted the power the biggest lenders have and the “Wall Street and corporate greed” he said is destroying the nation’s fabric.
While spokesmen for the four biggest banks -- JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. -- declined to address Sanders’s threat, analysts and historians expressed doubt that it would ever be realized, even if he defied the odds to win the White House.
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