CARLSBAD, Calif. — The country's biggest banks are "one major misstep" away from being broken up, the head of Zions Bancorp. (ZION) said Wednesday.

The debate over the largest banks' size and complexity resurged last week, when Attorney General Eric Holder said that some banks are too big to prosecute for financial crimes. His remarks reverberated in the Senate and added new fuel to the long-simmering movement to break up some banks. Now that movement is close to boiling over, Zions Chairman and Chief Executive Harris Simmons said.

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