glass-steagall

A renewed call to break up big banks

02/16/21

In a volume that is decades in the making, retired law professor Art Wilmarth tells the story of the Glass-Steagall Act — its origins, demise and aftermath. He also makes a case for restoring the separation between banks and securities firms, arguing that erecting such a barrier would reduce systemic risk and weaken the big banks’ political power.

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4 takeaways from Biden’s embrace of progressive banking policies

07/09/20

The Democrats’ presumptive presidential nominee called for a public credit reporting agency and for the Postal Service to offer financial services, among other proposals issued through a unity task force with Bernie Sanders. But analysts suggest the recommendations are more about electoral politics than pushing for real reforms.

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Paul Volcker's impact on banks was bigger than just one rule

12/09/19

Former Fed Chairman Paul Volcker is now synonymous with a provision of the Dodd-Frank law. But his legacy extends well beyond that.

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FDIC to rescind four policies deemed outdated

10/10/19

As part of an effort to reduce regulatory burden, the agency will retire policy statements from the 1980s and nineties dealing with securities subsidiaries, failed-bank receiverships and other matters.

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Warren makes play to put banking in 2020 spotlight

07/18/19

Warren’s plan unveiled Thursday would be the most significant rewrite of financial services rules since the Dodd-Frank Act of 2010.

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Why aren't White House hopefuls talking about banking?

04/26/19

With the candidates still introducing themselves to voters and honing their message, little has been said about the financial industry.

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Ocasio-Cortez’s disruptive spotlight could soon be turned on bankers

01/11/19

The freshman congresswoman will likely join the Financial Services Committee, where she could use her populist momentum to bring criticisms of the country's biggest banks even further into the mainstream.

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Win or lose, Warren will put banking in 2020 spotlight

12/31/18

No matter how far the Massachusetts Democrat goes in the next presidential race, the financial regulatory issues that she trumpets will be front and center.

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How populism threatens banks

10/19/18

Current political forces pose a number of risks for financial institutions, including their stock prices and performance, if not their very existence.

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Is Glass-Steagall poised for a political comeback?

09/07/18

It’s been off the radar for a couple of years, but Washington may soon be debating the separation between commercial and investment banking once again.

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