2 Attachment(s) President Trump advised through the campaign he would split up large banks. But Treasury Secretary Stephen Mnuchin mentioned that is not what he intended.

At issue is a Depression-era legislation known as Glass-Steagall. It avoided Main Street banks that consider government-insured deposits from clients from taking part in the more risky investment-banking company connected with Wall Street. It had been repealed in 1999, leading to mergers that developed banking behemoths including JPMorgan Chase (JPM), Citigroup (C) and Bank of America (BAC).

Congressional proposals, including legislation introduced by Senator Elizabeth Warren, a vocal critic of Wall Street, would re-impose these limitations and need splitting up these banks. And Trump has made statements that appear to recommend the concept is supported by him.
Some individuals ... Want to go straight back to the program, right? So we are planning to look at when questioned about breaking-up banks that, Trump stated earlier this month.