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White House confirms Cohn's remarks on banking law Glass-Steagall
April 6, 2017 / 3:36 PM / 8 months ago

White House confirms Cohn's remarks on banking law Glass-Steagall

WASHINGTON, April 6 (Reuters) - One of President Donald Trump’s top economic advisers has expressed support for a new version of the Glass-Steagall banking law, which would separate commercial and investment banking activities, a White House spokesperson said Thursday.

Gary Cohn, Trump’s director of the National Economic Council, reiterated Trump’s previously stated support on the campaign trail for a “21st century Glass-Steagall” during a private meeting with lawmakers on Wednesday, the spokesperson said. (Reporting by Sarah N. Lynch and Pete Schroeder; Editing by Chizu Nomiyama)

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