Lawmakers divided over EU's push to break up too-big-to-fail banks

Brussels

EUROPEAN Union plans to ban proprietary trading and break up the bloc's biggest banks are faltering as lawmakers clash over fundamental principles of the bill.

The European Commission, the EU's executive arm, presented its bank-structure overhaul a year ago to address the threat posed by too-big-to-fail banks. The bill has proven divisive in the European Parliament and among national governments, leading some legislators to say its days may be numbered.