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The following video is part of our "Motley Fool Exclusive Interview" series. In this segment, Fool.com analyst Brendan Byrnes interviews author and Bloomberg reporter Jason Kelly about his recent book, The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything.
Many investors are aware that big banks such as Bank of America, Goldman Sachs, Citigroup, and JPMorgan Chase have been intimately involved in the world of private equity, but just how does exposure to the PE industry affect them? In the following video, Jason addresses that topic, as well as how the Volcker rule has changed the game for some of the big banks wading into the private equity space.
To learn more about the most-talked-about bank out there, check out our in-depth company report on Bank of America. The report details Bank of America's prospects, including three reasons to buy and three reasons to sell. Just click here to get access.