Davos 2010: Soros calls for break-up of big banks

By Tim Weber
Business editor, BBC News website, in Davos

Legendary investor George Soros has called for a radical break-up of banks that are "too big to fail".

He also backed US President Barack Obama's proposed reforms to limit the size of banks at the World Economic Forum in Davos.

Speaking at a private lunch, Mr Soros told journalists that Wall Street bankers opposing Mr Obama's plans were "tone-deaf".