Sanford Weill suggests breaking up Banks

Sanford Weill, the former Chairman and CEO of Citigroup, suggested on CNBC that banks should be broken up to separate retail from investment banking – a reform also widely proposed in Europe. This is a very significant move, as Robert Reich argued, given that Weill is widely credited as having developed the current Wall Street business model. Watch the interview with Weill below.

Like What You Are Reading?

Join our newsletter and receive all our articles and the ebook 'Return of the State?' for free.