Washington won't heed Weill's cry

Sandy Weill's call for investment and commercial banking to be split has shocked and annoyed the financial world, but neither Obama nor Romney will risk their close relationship with big banking.

The bosses of the big global banks were undoubtedly irritated when they learned that Citigroup legend, Sandy Weill, was now calling for a break-up of the "too big to fail” banks, but they were quick to console themselves that neither US President Barack Obama, nor his Republican opponent Mitt Romney, will be keen to raise the subject in the lead-up to the US presidential election.

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