Glass-Steagall Act

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Dictionary Says

Definition of 'Glass-Steagall Act'

An act passed by Congress in 1933 that prohibited commercial banks from collaborating with full-service brokerage firms or participating in investment banking activities.
Investopedia Says

Investopedia explains 'Glass-Steagall Act'

The Glass-Steagall Act was enacted during the Great Depression. It protected bank depositors from the additional risks associated with security transactions. The act was dismantled in 1999. Consequently, the distinction between commercial banks and brokerage firms has blurred; many banks own brokerage firms and provide investment services.
Search results for

'Glass-Steagall Act'

  • What Was The Glass-Steagall Act?

    http://www.investopedia.com/articles/03/071603.asp
    What Was The Glass-Steagall Act? July 16 2003 | Filed Under ยป Banking,
    Bonds, Economics, Insurance, Retirement. In 1933, in the ...

  • The Rise Of The Modern Investment Bank

    http://www.investopedia.com/articles/08/investment-banks.asp
    ... average Americans. This resulted in the separation of investment banking from
    commercial banking (the Glass-Steagall Act of 1933). The ...

  • Credit Crisis: Wall Street History | Investopedia

    http://www.investopedia.com/university/credit-crisis/credit-crisis1.asp
    ... However, as part of a plan to reform the financial system, the Glass-Steagall Act
    separated investment banking firms from commercial banking firms. ...

  • On This Day In Finance: June 16 - 76th Anniversary Of The FDIC ...

    http://financialedge.investopedia.com/financial-edge/0609/On-This-Day-In-Finance-June-16---76th-Anniversary-Of-The-FDIC.aspx
    ... On June 16, 1933 the second Glass-Steagall Act (GSA) passed, which attempted to
    clarify and separated banks according to their major functions. ...

  • How To Prevent Rogue Trading - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1011/How-To-Prevent-Rogue-Trading.aspx
    ... enforced. Another idea being suggested to help prevent future rogue trades
    is to re-institute the Glass-Steagall Act of 1933. This ...

  • The SEC: A Brief History Of Regulation

    http://www.investopedia.com/articles/07/SECbeginning.asp
    ... and the Securities and Exchange Act The year 1933 saw two important pieces of
    legislation pass through Congress; the Glass-Steagall Act was established to keep ...

  • How Will Bank Regulation Affect British Banks? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1011/How-Will-Bank-Regulation-Affect-British-Banks.aspx
    ... Shortly after the Great Depression struck the United States, Congress passed the
    Banking Act of 1933 - widely-known as the Glass-Steagall Act - in order to ...

  • Wall Street History: Dow 1000, Death And Taxes - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1110/November-10-Wall-Street-History-Dow-1000-Death-And-Taxes.aspx
    ... Steagall On November 12, 1999, the Financial Services Modernization Act was enacted,
    reversing many of the restrictions from the Glass-Steagall Act of 1933. ...

  • The History Of The FDIC

    http://www.investopedia.com/articles/economics/09/fdic-history.asp
    ... Officially created in the Glass-Steagall Act of 1933 and modeled after the deposit
    insurance program initially enacted in Massachusetts, the FDIC guaranteed a ...

  • Stocks Then And Now: The 1950s And 1970s

    http://www.investopedia.com/articles/stocks/09/stocks-1950s-1970s.asp
    ... Thanks to the Glass-Steagall Act of 1933, which prohibited commercial banks from
    doing business on Wall Street, stock brokerages were independent entities. ...

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