French President Proposes Splitting Bank Trading From Traditional Lending
As part of continental banking reforms
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.
