glass-steagall act

Why You Should Care
About the Volcker Rule

This week, the government took a big first step toward shutting down the Can't Lose Room in the Wall Street Casino. It's now one comment period away from enacting the Volcker Rule, which limits the kinds of risky investments banks can make with money insured by the U.S. taxpayer.

Is Dodd-Frank Reshaping Wall Street Already?

Some top financial institutions are moving surprisingly quickly to reshape the way they operate in the wake of the financial regulation reform law. Question is: Did the legislation force their hands, or is this just a good time for big banks to rethink their business?

Where Dodd's Financial Overhaul Seems Likely to Miss the Mark

Dodd's soon-to-be-unveiled proposal appears to have a fatal flaw: It enshrines the notion that it's good to have banks that are Too Big to Fail (TBTF). It'll likely propose an alphabet soup of regulators who'll be infighting too much to notice when a giant bank is about to blow.

Obama's Bank Bashing May Ignite M&A

President Obama's banking plan is the most far-reaching proposal since the Glass-Steagall Act of 1933, which was meant to safeguard the US financial system. The law separated commercial banking from investment banking, resulting in a spike in dealmaking. Obama's plan is likely to do the same.

Volcker Is New Voice of Banking Reform

Former Fed Chairman Paul Volcker's won a major battle in his crusade for banking reform Thursday when President Obama announced his support for Volcker's plan to restrict the size and activities of the largest U.S. financial institutions.