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 ...
The revival of a defunct, Depression-era law that split banks' commercial and investment-banking functions is getting support from many advocacy groups that contend the divide is needed again to ...
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.
This column is a part of ongoing efforts to understand the financial melt down and the consequent suffering of so many people. The crucial beginning point was in 1999 when congress passed a law ...
WASHINGTON (Reuters) - Financial giants such as Goldman Sachs Group could be broken up under two bills introduced in the U.S. Congress on Wednesday, one with the backing of former Republican ...
LONDON (Reuters) - Raising Glass Steagall from the dead is not on the cards for Europe's banks but regulatory moves will effectively revive the Depression era law and carve up operations, experts said ...