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Regulatory

Glass-Steagall Act reintroduced to US Senate

The Glass-Steagall Act that used to require US banking groups to separate their traditional activities from their investment management activities has been re-introduced into the US Senate.

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Read more: Glass-Steagall ActSECUS SenateUS banking groupsRegulatorySenator WarrenGOP Senator John McCainBig Wall Street institutionsIndependent Senators Elizabeth WarrenAngus KingBillCentury Glass-Steagall ActClinton AdministrationDemocratFederal Deposit Insurance CorporationGreat DepressionHarvard Law School professorMaria CantwellSEC attorney Keir GumbsSEC chairperson Mary Jo WhiteSecurities Exchanges CommissionToo-Big-to-FailWall Street protagonist Senator Warren