Rozwój bankowości inwestycyjnej w USA na tle ewolucji systemu finansowego - ujęcie historyczne
Streszczenie
The business of investment banking is trending toward one-stop shopping and globalization.
This article presents the history and the repeal of the Glass-Steagall Act, which determine
present level of development of investment banking. The 1933 Banking Act combined a bill
sponsored by Representative Steagall to establishing federal deposit insurance with a bill
sponsored by Senator Glass to segregate the banking and securities industries. More commonly
known as the Glass-Steagall Act, is distinguished between: commercial banking, which is the
business of taking deposits and making loans and investment banking, which is the business
of underwriting and dealing in securities. In 1999 Congress passed the Financial Services
Competition Act, eroded the Glass-Steagall separation of commercial and investment banking
by permitting banks to have affiliated securities firms.
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