Morning Agenda: A Nervous Time for Banks
“I’m looking at that right now.”
President Trump’s words on Monday about creating a modern-day Glass-Steagall Act rippled across the finance industry.
The declaration shouldn’t have been a surprise. Gary D. Cohn, the president’s chief economic adviser, has been promoting the idea of bringing back the legislation, which would separate investment and consumer banks.
But Mr. Trump’s comments, in a Bloomberg interview, came just as Treasure Secretary Steven Mnuchin ha...