Feedback
Read 37 times.
Liked by 3 people.

Like

Related Finance Topics:
Banking
Corporate Finance
Financial History
Financial Regulation


Definition:


Glass-Steagall Act




Back to Finance Glossary | Previous Page

The Glass-Steagall Act was a law passed by the U.S. Congress in 1933 that legally mandated the separation of commercial and investment banking.

The Glass-Steagall Act also imposed interest rate ceilings on bank deposits, authorized the creation of the Federal Deposit Insurance Corporation (FDIC) and granted federally chartered banks the power to branch throughout a state, provided that state grants similar powers to its own state-chartered banks.


Take a Quiz! Taking Stock
Math for Accountants
FDIC Failed Bank List
Legal Accounting Authority
Not Down with the Dow

More Quizzes




Latest Articles Related to Glass-Steagall Act



If you find this information useful, please help us by sharing it with others.

Delicious



Back to Finance Glossary | Previous Page



This web site is intended only to convey information. It is not to be construed as an investment guide or as an offer or solicitation of an offer to buy or sell any securities. The author has taken all usual and reasonable precautions to determine that the information contained in this website has been obtained from sources believed to be reliable.



Your Ad Here