Net Net: Promoting innovation and managing change
Net Net: Promoting innovation and managing change

Sandy Weill: The Guy Who Made the Bank Monster

Sandy Weill
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So the inventor of the financial superstore has finally turned against his creation.

Former Citigroup Chief Executive Sandy Weill on Wednesday called for breaking up the biggest financial institutions, speaking on CNBC's "Squawk Box."

"What we should probably do is go and split up investment banking from banking, have banks be deposit-takers, have banks make commercial loans and real-estate loans, have banks do something that's not going to risk the taxpayer dollars, that's not 'too big to fail,'" Weill said.

Weill isn't just the former CEO of Citigroup . He was its creator.

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