• Comment ()

Big Banks Worried About Fiscal Cliff for Good Reason

Large financial institutions could be hit hard if the fiscal cliff isn't averted

October 18, 2012 RSS Feed Print
Fiscal Cliff

To simultaneously threaten the nation's good standing and economic growth, then, could be a particularly dangerous combination.

"I think banks have a particular reason to worry about our entire financial situation," says Haskins. "We are the world's basic financial system, and the dollar is the basis of the international system, and some people are questioning that. ... That would certainly have an impact on banks."

More Business and Economy News:

Danielle Kurtzleben is a business and economics reporter for U.S. News & World Report. You can follow her on Twitter or reach her at dkurtzleben@usnews.com.

Tags:
fiscal policy,
economy

Reader Comments ()

Photo Galleries

History of U.S. Bombings, Failed Attempts

A look at some of the worst bombings in the U.S. and infamous failed attempts.

advertisement

Latest Videos