Trump considers "get rid" of several large banks and causes a drop in the markets

Posted: 1 May 2017 17:15 GMT

In an interview with Bloomberg US President He has ensured that considers recourse to a law of the era of the Great Depression and "return to the old system."

Jonathan Ernst  Reuters

In an  interview  with Bloomberg US president, Donald Trump, she said Monday that considers recourse to a law of the era of the Great Depression separating banking deposit investment banking.

This is the Glass-Steagall Act, adopted in 1933 and annulled in 1999 by then President Bill Clinton . Bloomberg stressed that during his election campaign mogul and advocated the creation of a version "for the twenty - first century" of this law.

"Some people want to return to the old system, right? So let's take a look [to the idea]," said the president. Trump's statements have caused a fall in the markets, according to CNBC.

Art Hogan, market strategist at the firm Wunderlich Securities, said that the words of Trump "not go well with certain major components" of the Dow Jones index , one of those who  have been dropped following statements by the president - although he has pointed out that it is not true that Trump's actions, if carried out, are going to lead to deregulation,  reports  CNBC.