Ex-Citi CEO Calls for Breaking Up the Banks

By Daniel Halper

Published July 26, 2012 9:18pm ET

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Ex-Citi CEO Calls for Breaking Up the Banks — Sandy Weill is calling for the banks to be broken up. Bloomberg reports: Sanford “Sandy” Weill, whose creation of Citigroup Inc. (C) ushered in the era of U.S. banking conglomerates a decade before the financial crisis, said it’s time to break up the largest banks to avoid more bailouts. “What we should probably do is go and […]

Sandy Weill is calling for the banks to be broken up. Bloomberg reports:

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