Via Reuters:
U.S. presidential candidate Hillary Clinton toughened her stance against Wall Street on Monday, vowing to tighten oversight of the financial industry and warning of serious risks in the “shadow banking” industry.
In her first major economic speech of the 2016 election campaign, Clinton assailed financial institutions in detailed terms as she pledged to cut the income gap and spur wage growth for ordinary Americans.
The Democratic front-runner stopped short of calling for the break-up of big banks as some liberal Democrats have sought. Clinton has no plans to reinstate the Glass-Steagall Act to split commercial banks from their investment operations, Clinton economic adviser Alan Blinder told Reuters.