Glass-Steagall Act - A 1933 act in which Congress forbade commercial banks to own, underwrite, or deal in corporate stock and corporate bonds.
An Act passed by Congress in 1933, that prohibited commercial banks from collaborating with full-service brokerage firms or participating in investment banking activities.
Glass-Steagall Act : a 1933 act in which congress forbade commercial banks to own, underwrite, or deal in corporate stock and corporate bonds.
an act passed by congress in 1933, that prohibited commercial banks from collaborating with full-service brokerage firms or participating in investment banking activities.
Glass-Steagall Act