Berkshire Hathaway Inc. Vice Chairman Charles Munger, whose firm owns stakes in some of the biggest U.S. lenders, said Wall Street trading risks should be curbed at deposit-taking institutions.

“I do not see why massive derivative books should be mixed up with” government-insured deposits, Munger, 89, said yesterday during Omaha, Nebraska-based Berkshire’s annual meeting. “The more bankers want to be like investment bankers, instead of like bankers, the worse I like it.”  Article