Tags » Glass-Steagall Act
On Monday in an interview for Bloomberg President Donald Trump announced that he and his team are considering reviving the famous Glass-Steagall act. This move will effectively break up commercial from investment banks and will bring stability back to the sector. 455 more words
President Donald Trump said Monday he was contemplating breaking up the big Wall Street banks.
“I’m looking into that right now,” he told Bloomberg about bringing back the “old system” that separated consumer lending and investment banking. 163 more words
During a press briefing earlier this month, White House Spokesman Sean Spicer said the administration remained committed to a Trump campaign promise to restore Glass-Steagall, which effectively prohibits commercial banks from engaging in investment banking. 1,037 more words
The looming deregulation of the banking sector under the Trump administration poses a real and tangible risk to the integrity and sustainability of global financial markets. 791 more words