Sanders offers few details on how he would break up banks

[...] they have staggered terms, designed to reinforce their independence from the White House.

Since the 2010 financial overhaul law, known as Dodd-Frank, was enacted, regulators have set in place a raft of rules for banks and other financial firms intended to end the "too big to fail" label.

Sanders spokesman Michael Briggs said via email Tuesday that a Sanders administration would establish a "too big to fail" list of financial institutions and would work with the Federal Reserve and financial regulators to break up the institutions using the authority under Dodd-Frank.

Briggs also said Sanders would seek to re-instate the Depression-era Glass-Steagall Act, which effectively limited the size of financial companies by prohibiting commercial banks from engaging in investment banking activities.