Google, Amazon, Microsoft Deemed Too Big to Fail by Bank Regulators; Causes Worry

Over a decade on from the financial crisis, regulators are spooked once again that some companies at the heart of the financial system are too big to fail. But they're not banks. This time it's the tech giants including Google, Amazon, and Microsoft that host a growing mass of bank, insurance and market operations on their vast cloud internet platforms that are keepin...

from Gadgets 360 https://ift.tt/3CXvEGd