Michael L. Mayo, CFA, a banking analyst with CLSA and author of Exile on Wall Street: One Analyst’s Fight to Save the Big Banks from Themselves, discusses the state of corporate governance in the financial industry, whether he expects to see more shareholder activism when it comes to the big banks, and how breaking up the mega-banks would unlock value for shareholders.

The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment profession.