Mnuchin: Breaking up big banks would be a ‘huge mistake’

Mnuchin: Breaking up big banks would be a ‘huge mistake’

Treasury Secretary Steve Mnuchin has said he does not support the separation of large investment banks. Mnuchin told the Senate Banking Committee that forcing a split would lead to huge problems in the financial markets. This comes following then-candidate Trump’s talks about reintroducing a “21stCentury Glass-Steagall Act.” It is unclear what direction President Trump will go.

Read more about Mnuchin on big banks here:

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