The Glass-Steagall Act is a piece of financial legislation that dates to the Great Depression and has been partially dismantled but remains strikingly relevant today. The act has popped up repeatedly ...
A bi-partisan group of lawmakers proposed a bill on Thursday that, if passed, could have the most significant impact on the financial industry of any legislative action since the Great Depression.
The Glass-Steagall Act separated investment and commercial banking to prevent conflicts of interest. Glass-Steagall was part of the Banking Act of 1933, which also established the FDIC. The 1999 ...
In July 2010, President Obama signed the Dodd-Frank financial-reform bill. Thanks to the law, “no firm is … protected because it is ‘too big to fail,'” the chief executive said. Three years later, ...