Financial Sector Reform EU Presents Plan to Tame Banks

The EU on Tuesday recommended breaking off investment banking from retail banking and other risky investment activities to protect savers and taxpayers in future crises. However, they stopped short of calling for banks to be broken up into entirely separate entities.
Bank skyscrapers in Frankfurt, Germany's financial capital.

Bank skyscrapers in Frankfurt, Germany's financial capital.

Foto: Boris Roessler/ picture alliance / dpa
cro -- with wire reports