French President Proposes Splitting Bank Trading From Traditional Lending
France's government is proposing to split banks' risky trading activities from their more traditional lending operations as part of a Europe-wide effort to shore up a fragile industry that contributed to the continent's financial crisis.
A bill presented Wednesday by President Francois Hollande's Socialist administration would force banks to house any trading done for their own profit in a separate subsidiary.
Source: Fox News. Read full article. (link)
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