“There’s some people that want to go back to the old system, right?" President Donald Trump said. "So we’re going to look at that.” | AP Photo Trump says he's 'looking at' breaking up big banks

President Donald Trump said Monday he is “looking at” breaking up the largest Wall Street banks.

“I’m looking at that right now,” Trump told Bloomberg News. “There’s some people that want to go back to the old system, right? So we’re going to look at that.”


During the campaign, Trump said he supported bringing back a version of the 1933 Glass-Steagall law, which prohibited banks from doing both consumer lending and investment banking.

A bipartisan group of senators, led by Democrat Elizabeth Warren and Republican John McCain, has called for a revival of the law. Wall Street opposes such a move, which would go beyond the regulations imposed by the 2010 Dodd-Frank law.