World

French President Proposes Splitting Bank Trading From Traditional Lending

As part of continental banking reforms

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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.