Economics Homework Help
Economics Homework Help. FIU Separation of Commercial and Investment Banking Discussion
I’m working on a finance writing question and need an explanation and answer to help me learn.
Why do you think the Banking Act of 1933 (The Glass Stegall Act) initiated a separation of ‘commercial banking’ and “investment banking” in the USA? How does it differ from banking activities in other major Countries? Explain in one paragraph the advantages and disadvantages of the separation to US Banking institutions. Please cite your external research work to support your answer.
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