Weill Comments Revive Washington Debate on ‘Too-Big-to-Fail’

Sanford “Sandy” Weill’s call this week for breaking up large banks revived debate in Washington over “too-big-to-fail” lenders, prompting renewed assertions by industry groups that size yields economic benefits.

Downsizing would impede U.S. banks’ ability to serve the country’s largest businesses and would lead companies to use foreign banks instead, said Frank Keating, president and chief executive officer of the American Bankers Association.