Wednesday, July 25, 2012

Former Citigroup Chairman Calls For Breaking Up Big Banks

Former Citigroup Chairman Calls For Breaking Up Big Banks: Former Citigroup Chairman and CEO Sanford “Sandy” Weill called for the separation of deposit and investment banks in an interview this morning on CNBC’s “The Squawk Box.” Weill is credited with inventing the so-called financial supermarket, a type of financial institution wherein a wide range of products involving banking, real estate, and stock trading are [...]/p