U.S. banks have emerged from the verge to "take over the world"

Few would have predicted the strength of the U.S. banks 11 years after Treasury Secretary Hank Paulson summoned the nine-largest chief executives to inject $125 billion in liquidity into them by buying preferred stock. From that conference on October 13, 2008, U.S. banks have emerged from the verge to "take over the world." The power of banking in the U.S. today represents more than a decade of great work by the boards and executives....