The European Financial Stability Facility (EFSF) Groupe de gestion d'actifs multispécialiste - UFG-LFP. iXO Private Equity. Gestion du capital investissement et FCPI | Innoven Partenaires. Bourse : Bourse en ligne – Trading CFD, Forex, Economie - Trader. Glass-Steagall Act (1933) News. Adapted from an article in the Law Library. The Glass-Steagall Act, also known as the Banking Act of 1933 (48 Stat. 162), was passed by Congress in 1933 and prohibits commercial banks from engaging in the investment business.
It was enacted as an emergency response to the failure of nearly 5,000 banks during the Great Depression. The act was originally part of President Franklin D. Roosevelt’s New Deal program and became a permanent measure in 1945. It gave tighter regulation of national banks to the Federal Reserve System; prohibited bank sales of securities; and created the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits with a pool of money appropriated from banks. Beginning in the 1900s, commercial banks established security affiliates that floated bond issues and underwrote corporate stock issues.
As a result of the bank closings and the already devastated economy, public confidence in the U.S. financial structure was low. Banks That Bundled Bad Debt Also Bet Against It. Collateralized Debt Obligations News. Banks' Suit Tests Limits of Resisting Volcker Rule By MATTHEW GOLDSTEIN and PETER EAVIS Banks are testing the legal climate by challenging an obscure provision of the Volcker Rule that affects mostly small banks, for relatively small amounts of money. December 24, 2013, Tuesday Banking Group Threatens Lawsuit Over Volcker Rule By MATTHEW GOLDSTEIN The American Bankers Association, an industry trade group, is threatening to take regulators to court over how the Volcker Rule would affect community banks.
December 23, 2013, Monday Volcker Rule Quickly Hits Utah Bank Zions Bancorporation says it is taking a charge of $387 million to rid itself of a sizable portfolio of trust-preferred collateralized debt obligations and other C.D.O.’s. December 16, 2013, Monday Bank of America to Pay $131.8 Million Penalty in Mortgage Deals The settlement stems from a S.E.C. inquiry into two complex mortgage securities that the bank’s Merrill Lynch division sold before the financial crisis. December 12, 2013, Thursday. News Banques : le premier media d'actualité sur les banques. Print article. Bloomberg.com.