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Trump Weighs Breaking Up Wall Street Banks, Raising Gas Tax

  • President says in interview he’s examining revival of 1933 law
  • Top administration officials back return of Glass-Steagall Act
Bloomberg business news

Trump Says He's Considering Breaking Up Big Banks

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President Donald Trump said he’s actively considering a breakup of giant Wall Street banks, giving a push to efforts to revive a Depression-era law separating consumer and investment banking.

“I’m looking at that right now,” Trump said of breaking up banks in a 30-minute Oval Office interview with Bloomberg News. “There’s some people that want to go back to the old system, right? So we’re going to look at that.”