Despite Weill's Words, Breaking Up Banks Won't Be Easy

Law360, New York (July 25, 2012, 8:10 PM EDT) -- Former Citigroup Inc. CEO Sanford "Sandy" Weill on Wednesday joined the chorus calling for breaking up the biggest banks, but reform advocates say that even with the high-profile push, it may take another financial crisis for Washington to cut down the biggest banks.

In an interview with CNBC early Wednesday morning that sent shock waves from New York to Washington, Weill said it was time to go back to the model that existed prior to the moment Congress eradicated portions of the Depression-era Glass-Steagall Act, which...
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