DoubleLine's Bonnie Baha compares the big banks to the legacy airlines, suggesting they have yet...

|By:, SA News Editor

DoubleLine's Bonnie Baha compares the big banks to the legacy airlines, suggesting they have yet to find a sustainable profit-making model in a new world. Focus on the balance sheet - the "good news" of stronger capital ratios - is misplaced, she contends. "Deleveraging ... is not a business model."