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Donald Trump says actively considering breaking up big banks

Donald Trump had expressed support on the campaign trail for a '21st-century Glass-Steagall'

Reuters  |  Washington 

US President Donald Trump said he was actively considering breaking up big banks, Bloomberg Television reported on Monday. Trump's comments could give a push to efforts to revive the Depression-era Glass-Steagall law that separated commercial lending from investment banking. Reviving such a law would require an act by Congress. "I'm looking at that right now," Trump said on Monday in an interview with Bloomberg News in the Oval Office. "There's some people that want to go back to the old system, right? So we're going to look at that." While ...

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First Published: Mon, May 01 2017. 23:22 IST