Big Bracket Banks declining

Cosair is pumping billions into CitiGroup. Bank of America is looking for sell some of its share in a Chinese bank to raise capital to blacken bottom line red ink. If anything goes to underscore the role of finance capital as the determining factor in 21 century capitalism, it is the dominance of finance institutions which have done much not only to enhance centuries old trends of globalisation but raise the melting point to the dangerous degree we are witnessing today.
On the labour front an American union representing clerks and office workers and bank tellers at CitiBank is demanding a return to a fire wall between and commerical and investment banking. It is bringing the fight to CitiGroup's shareholders who will thumb their long Wall Street nose at them and left the effort die on the vine.
Somehow or the other the US government is going willy nilly to impose this iron curtain to safe America's banks.