Republicans, including President Trump, have been talking about bringing back Glass-Steagall, the 1930s law requiring banks to separate their commercial and investment banking businesses. Gary Cohn, the president’s economic adviser, reportedly told senators he supports that proposal in a private meeting yesterday, according to Bloomberg. If Glass-Steagall were to be reintroduced, what would that mean […]
Senator Angus King of Maine explains why he supports reintroducing Glass-Steagall and shares his thoughts on the rising costs of higher education.
Britain’s finance chief has delivered an ultimatum to the U.K.’s banks: Obey our new rules or we’ll break you up. Some analysts say the U.S. should follow the British example.
Of all the hundreds of rules passed to prevent another financial crisis, the one regulators begin unveiling today is perhaps the most feared by t...