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Glass steagall act

• A 1933 act in which Congress forbade commercial banks to own, underwrite, or deal in corporate stock and corporate bonds.

• A 1933 act in which Congress forbade commercial banks to own, underwrite, or deal in corporate stock and corporate bonds.

• Glass-Steagall Act separates commercial banking and securities-underwriting activities.

 
 Embedded terms in definition
 Commercial
Corporate bonds
Corporate bond
Stock
Underwrite
 
 Related Terms
 Act of state doctrine
Edge act corporation
Maloney act of 1938
Securities act of 1933
Securities exchange act of 1934
Tax reform act of 1986

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