Proposed Split of Large Institutions Fight Looms Over EU Plans for Bank Reform

Until recently, calls to forcibly split up European banks were dismissed as a radical leftist idea. Now even an EU panel of experts is recommending dividing up dangerous financial giants. But the banking lobby, which would face major cost increases as a result, has the power to water down the ideas.
Bank skyscrapers in Frankfurt, Germany's financial center. The banks will fight the recommendations to divide them up.

Bank skyscrapers in Frankfurt, Germany's financial center. The banks will fight the recommendations to divide them up.

Arne Dedert/ dpa