Glass-Steagall

Much of President Donald Trump’s campaign was spent pledging to eliminate regulations on U.S. companies. But White House economic advisor and former Goldman Sachs Group Inc (NYSE: GS) COO Gary Cohn surprised senators this week when he indicated he is in favor of bringing back a former banking...

Instead of “David versus Goliath,” the Senate Banking Committee had to sort out a “Goliath versus Goliath” scenario Tuesday, according to Reuters. Big aluminum buyers, represented by the second largest brewer in the U.S., charged that the largest banks in the country drove up their costs by...