# Prof. Roy Smith on the future of big banks

1 Faculty News July 25, 2012 ![Reuters logo](/sites/default/files/styles/246w/public/assets/images/con_030503.jpg?itok=0OAgrDF0)>

Excerpt from [Reuters](http://www.reuters.com/article/2012/07/25/us-banks-earnings-roundup-idUSBRE86O06R20120725) -- "'The bottom line is that they have to get smaller so they can manage better,' said [Roy Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith), a finance professor at New York University's Stern School of Business. 'They have to give up the idea of being a universal bank holding company that jams together businesses that have nothing to do with each other.'"

[Read more](http://www.reuters.com/article/2012/07/25/us-banks-earnings-roundup-idUSBRE86O06R20120725)