The Obama banking plan explained

The global banking industry was thrown into turmoil in January when President Barack Obama proposed the most far-reaching overhaul of Wall Street since the 1930s.

The reforms, which could force the restructuring of some of the biggest names in US finance, were seen as a response to public rage over the financial crisis. Mr Obama promised that never again would the American taxpayer be held hostage by a bank that is “too big to fail”.

See the plan details and an explanation of how it is likely to affect the US banking sector in the graphic below.