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Why do you think the Banking Act of 1933 (The Glass Stegall Act) initiated separation of ‘commercial banking’ and “investment banking” in the USA? How does it differ from banking activities in other major Countries? Explain in 2-3 paragraphs the advantages and disadvantages of the separation to US Banking institutions
Why do you think the Banking Act of 1933 (The Glass Stegall Act) initiated separation of ‘commercial banking’ and “investment banking” in the USA? How does it differ from banking activities in other major Countries? Explain in 2-3 paragraphs the advantages and disadvantages of the separation to US Banking institutions.
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