Glass-Steagall Act

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1933, U.S. President Franklin D. Roosevelt signed the Banking Act of 1933. Where The Market Was: The Dow traded at around 2,080. The S&P 500 was not yet created....

A mutual feature of the Democratic and Republican campaign platforms inched closer to fruition Thursday as Sens. Elizabeth Warren, John McCain, Maria Cantwell and Angus King reintroduced the 21st Century Glass-Steagall Act. But the update of the original Glass-Steagall Act, also known as the...

Tougher regulation is needed for the too-big-to-fail banks says Sen. Elizabeth Warren (D-MA) on CNBC's Squawk Box Friday morning. Glass-Steagall Act was repealed in 1999, but before then, it's history was rich with banking opposition. Warren said that it dates back to the Great Depression. In...