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It’s been off the radar for a couple of years, but Washington may soon be debating the separation between commercial and investment banking once again. [ABSTRACT FROM AUTHOR]

Credit unions historically have focused on laws that directly pertain to them, but in a break with that tradition, NAFCU is calling on Congress to reintroduce efforts to break up big banks. [ABSTRACT FROM AUTHOR]

Donald Trump's campaign strongly endorsed the idea of restoring the Depression-era separation of banking and commerce, but since Trump's victory, the idea has all but vanished. [ABSTRACT FROM AUTHOR]

Sen. Bernie Sanders and former Gov. Martin O'Malley pledged to reinstate the Glass-Steagall Act to separate commercial and investment banking, while former Secretary of State Hillary Clinton said her reform plan was the only one to go after the nonbanks like AIG which caused the crisis. [ABSTRACT FROM AUTHOR]

The article reports that U.S. Representative Alexandria Ocasio-Cortez is poised to join the House Financial Services Committee. It states that the committee could give her a significant platform to share her criticisms of the banking industry. She has been outspoken in favor of reviving the Glass-Steagall Act. She has shown her own ability to use online tools to her advantage, which includes capturing a wide following on social media network Instagram.

The article focuses on the strong argument made by former U.S. Representative Barney Frank on the proposed reforms on the Dodd-Frank Act. Topics discussed include the separation of banking to other activities proposed by U.S. Senator Elizabeth Warren, the proposed reimplementation of the U.S. Glass-Steagall Act, and the final ruling governing the risk retention in the mortgage loans.

The article looks at possible impact on financial and banking policy if the Democratic Party wins control of both the House and Senate of the U.S. Congress in the 2018 midterm elections. Topics covered include potential impact on housing finance reform, effect if both banking committees will be under Democratic control, the chances of Democratic candidates to win their Senate seats and the concern of banks for a return to Glass-Steagall and other reforms from a potential Democratic majority.

The article discusses the banking policy discourse surrounding the fight to bring back the Glass-Steagall Act, a Depression-era regulation that separated commercial and investment banking. Comments from Art Wilmarth, a professor of law at George Washington University and senator Elizabeth Warren are included.

The article offers information on the approach of the National Association of Federally-Insured Credit Unions (NAFCU) against big banks wherein the group calls U.S. legislators to enact the Glass-Steagall Act. It mentions that the credit union asked the government to seperate big banks that work with savings and checking accounts with hedge funds and investment banks to prevent market crash.

The article reports on the filing of more than 50 amendments on March 7, 2018 to be considered as part of a U.S. Senate bank regulatory relief bill introduced by Senator Mike Crapo. Topics covered include the filing of an amendment to reinstate the Glass-Steagall Act, other amendments that are similarly broader than the targeted relief provisions introduced by the bill, and proposals submitted by Republican lawmakers, such as limiting the pay for Consumer Financial Protection Bureau employees.

The article reports the efforts by some Republican lawmakers as of June 2017 to re-introduce the Glass-Steagall Act in the financial services industry in the U.S. According to Senator John Kennedy, the re-introduction of the 1930s law is part of efforts to reform the sector. Also cited are the support shown by Treasury Secretary Steven Mnuchin on a modernized version of the law, and the focus on providing regulatory relief to financial institutions.

The article focuses on financial topics discussed by U.S. Treasury Secretary Steven Mnuchin during a hearing at the Senate Banking Committee on May 18, 2017. Mnuchin offered his views on housing finance reform, a modernized version of the Glass-Steagall Act, and Treasury reports about the regulatory system. He expressed disagreement with U.S. Federal Housing Finance Agency Director Mel Watt's testimony that the agency can act alone to rebuild capital at Fannie and Freddie if needed.

The article discusses issues that the administration of U.S. President Donald Trump and the Congress are talking about the Glass-Steagall Act of 1933. Topics include the provisions of the Glass-Steagall Act that prohibited affiliations between banks and firms that underwrite or deal in securities, the major goal for restoring the legislation, and several reasons for banks to be affiliated with securities firms.

A reprint of the article "Clinton Enacts Glass-Steagall Repeal," by Dean Anason that was published in the November 15, 1999 issue is presented. It describes the death of the Glass-Steagall Act which is the cornerstone of banking law for most of the 20th century at the hands of marketplace changes and political compromise. It recounts the signing by U.S. President Bill Clinton of the Gramm-Leach-Bliley Act of 1999 which separated commercial and investment banking.

This section offers news briefs on the U.S. banking industry as of April 2017. The board of directors of Wells Fargo clawed back an additional 75 million U.S. dollars of compensation from former chief executive officer (CEOP) John Stumpf and former retail bank chief Carrie Tolstedt. The commercial real estate mortgage volume dropped to 491 billion U.S. dollars, according to the Mortgage Bankers Association. The administration of President Donald Trump plans to revive the Glass-Steagall Act.

This section offers news briefs on the banking industry as of April 2017. Gary Cohn, director of the White House National Economic Council, has expressed his support for legislation to reinstate the Glass-Steagall Act. Former Barclays traders Stylianos Contogoulas and Ryan Michael Reich have been acquitted in their retrial on charges that they plotted to manipulate Libor. Renaud Laplanche, co-founder of the Lending Club, has launched a company, called Upgrade.

The article deals with the support offered by U.S. National Economic Council Director Gary Cohn for a modernized Glass-Steagall Act, which separates commercial and investment banking. While Cohn supports the reinstatement of the law, the commitment of the administration of U.S. President Donald Trump to the idea still remains unclear. Big banks are also expected to oppose the move as it is said to undermine Trump's America First policy.

The article focuses on the so-called 21st-century Glass-Steagall Act in the U.S. Topics discussed include the absence of a widespread agreement about the details of a modernized version of the separation of investment and commercial banking, the concept of ring-fencing commercial and investment banking, and an idea outlined by Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig that might qualify as a modern version of the law.

The article highlights the concern expressed by Federal Reserve Chair Janet Yellen over the revival of the Glass-Steagall Act, a Depression-era barrier between commercial and investment banking activities, proposed by the administration of U.S. President Donald Trump. Topics discussed include the Trump administration's lack of concrete plan on how to capitalize commercial and investment banking activities and proposals to withdraw from the Basel Committee.

The article reports that U.S. Federal Deposit Insurance Corporation (FDIC) Vice Chairman Thomas Hoenig announced a new policy proposal on March 13, 2017 that would enable big banks to separate their core banking and investment activities in exchange for regulatory relief. Topics covered include President Donald Trump administration's commitment to an updated version of the Glass-Steagall Act and Hoenig's plan proving banks with the option of separating their commercial banking functions.

The article focuses on the intention of U.S. President Donald Trump to repeal the Glass- Steagall Act. Topics discussed include the provisions of the Volcker Rule, the consistency of repealing the Volcker Rule with the administration's interest in Glass-Steagall-like structure, and how to address the problem of market liquidity without returning the old days when universal banks could both lend to and trade the credit products of a client.

The article discusses the effects of the U.S. political situation as of February 7, 2017 to the banking industry. The Republicans are attempting to roll back the Dodd-Frank Act while U.S. President Donald Trump signed an executive order for the 2010 financial reform law. Issues like big-bank breakups, higher capital requirements and restoration of the Glass-Steagall Act are mentioned.

The article discusses how looking at the administration of the late U.S. President Andrew Jackson can provide ideas on the banking policy of U.S. President Donald Trump, and clues about the master plan of President Trump for banking policy. Topics discussed include U.S. Treasury secretary-designate Steven Mnuchin suggests restraints on megabanks with his support for 21st-century form of Glass-Steagall Act, challenge to power of Federal Reserve, and community bank regulatory policy.

The article reports on the insights of small-bank executives on the separation of commercial and investment banking in the U.S. President Stephen Hailer of North Akron Savings Bank expresses his opposition in repealing the U.S. Glass-Steagall Act. Federal Deposit Insurance Corp. (FDIC) board member Thomas Hoenig relates his plan of forbidding a bank with FDIC-backed funding to operate riskier trading units. President Salvatore Marranca of Cattaraugus County Bank explores hedge fund activities.

The article discusses opposition to a suggestion from Sandy Weill, a former chairman of banking company Citigroup, that the Glass-Stegall Act which separated investment and commercial banking be restored in the U.S. Among those whose criticisms are cited are Wayne Abernathy of the American Bankers Association and Richard Kovacevich, former chairman of banking company Wells Fargo.

The article reports on a U.S. House hearing where former Citigroup executive Sandy Weill testified, noting Weill's comments about separating the investment and commercial banking industries. Weill support for the 1999 repeal of the Glass-Steagall Act and his apparent support for reinstating the Act and breaking up big banks are discussed.

The article reports on the U.S. banks' response to the repeal of Regulation Q in the Glass-Steagall Act which prohibited banks from paying interest on commercial checking accounts. Lakeland Financial Corp. launched a rewards product that targets small businesses. Frost Bank wanted the repeal, which took effect on July 21, 2011, delayed.

The author presents updates on the impact of the global financial crisis on the political landscape in Europe and the U.S. as of November 30, 2016. Topics include the urge of U.S. President-elect Donald Trump for a reintroduction of the Glass-Steagall Act, the impact of legal expenses on banks' lending capacity according to Bank of England Deputy Governor Minouche Shafik, and a one-year delay made by the European Commission in the timetable for the Markets in Financial Instruments Directive.

The article reports that the transition team of U.S. President-elect Donald Trump is unlikely to bring back the Glass-Steagall Act which separated commercial banking from investment banking. Topics covered include the highlights of Trump's campaign election, why big banks opposes the restoration of the Glass-Steagall Act while small banks favor the idea, and the plan of progressive Democratic politicians of supporting a financial de-regulation bill.

The article discusses key issues on U.S. financial regulations that will be addressed by U.S. President-elect Donald Trump. It notes President-elect Trump's plan to restore the Glass-Steagall platform in lieu of legislation that favors big banks. It cites other measures that President-elect Trump is expected to implement such as the repeal of the Dodd-Frank Act, a temporary moratorium on new agency regulations, and a repeal of the Affordable Care Act.

The article reports on the proposal of the U.S. Federal Reserve to amend the Glass-Steagall Act to prevent the banking industry from engaging in risky activities and mentions other proposed banking law reforms. Topics mentioned include the endorsement of 2016 presidential candidates to reinstate the Act, the economic impact of prohibiting big banks from participating in commercial activities, and the provision of the merchant banking authority.

The author comments on the reaffirmation by both the U.S. Republican and Democratic parties in their campaign platforms in July 2016 of restoring the Glass-Steagall Act which would separate commercial from investment banking. Topics covered include how the restoration of the law is crucial to a healthier financial system, the argument that the dismantling of the Glass-Stegall is unrelated to the 2008 financial crisis, and the lack of understanding of the reach of Glass-Steagall.

The article discusses the author's claim that restoring the U.S. Glass-Steagall Act (Banking Act of 1933), which was enacted to prohibit commercial banks from engaging in the investment business as a response to America's Great Depression, would not solve any of the problems in the U.S. banking and financial services industries as of 2016. America's Dodd-Frank Wall Street Reform & Consumer Protection Act is addressed, along with the size and the stability of America's banks.

The article discusses the U.S. 2016 republican presidential candidate Donald Trump's claim to support the 1933 Glass-Steagall Act and financial regulation. The impact of the 1999 modification to Glass-Steagall had on the relationship between the U.S. banking industry and the securities industry is discussed.

The article presents world banking industry news briefs on topics including a decline in the Germany-based Commerzbank AG financial services firm's stock share price. According to the article, the political platforms of America's Democratic and Republican parties both favor a return to the separation of commercial and investment banking under the U.S. Glass-Steagal Act. It states that the Wells Fargo & Co. banking firm is offering customers the ability to make person-to-person (P2P) payments.

The article reports that Democratic legislators are cautious about the idea of resurrecting the banking legislation Glass-Steagall Act in the U.S. Topics include Representative Brad Sherman for California noting that the old Glass-Steagall separated commercial and investment banking, the claim by some Democrats that the Dodd-Frank Act of 2010 already acts as a modern version of Glass-Steagall, and former Treasury Secretary Larry Summers saying that Glass-Steagall would not curb systemic risk.

The article argues that the move by U.S. Presidential candidate Donald Trump campaign to add a plan to reinstate the Glass-Steagall Act to the Republican platform caught GOP lawmakers off-guard, some of whom expressed disappointment with the decision. It mentions that while the 1930s-era law which separated commercial and investment banking activities is strongly supported by progressive Democrats, it is not popular among most Republican policymakers.

The article reports that Republicans were surprised by U.S. presidential candidate Donald Trump's plan to reinstate the Glass-Steagall Act to the Republican platform. Topics covered include Representative for Ohio Steve Stivers expressing disappointment with the decision, Representative for Arkansas French Hill noting that commercial bank underwriting and securities distribution was not a major factor that contributed to the financial crisis, and the 2010 financial reform law.

This section offers news briefs related to banking in the U.S. and beyond as of July 2016. Republicans are seeking to reintroduce the Glass-Steagall Act to their platform. The bank Wells Fargo has hinted that it will stay in London, England despite the decision by Great Britain to leave the European Union (EU). There are signs of racial disparities in mortgage lending in St. Louis, Missouri and other parts of the state, according to a report from the National Community Reinvestment Coalition.

The article offers the author's insights on the de-risking move fostered by regulators in the banking industry to prevent financial crime. Topics mentioned include the regulation brought by the proposed U.S. Glass-Steagall Act of 2015 which expose the banks to higher reputational risk, the compliance risk of correspondent banking, and the response of banks on high regulatory requirements through financial crimes compliance programs.

The article focuses whether the presence of institutional investors caused the biggest banks in the U.S to act as if they were a big monopoly. According to economists, the presence of the same investor from company to company can start to make multiple competitors look like one giant. It notes that the competition of banks in loan pricing has driven down interest and net interest margins, implying that they are far from being a monopoly.

The article reports regulatory developments in the U.S. financial services industry as of mid-December 2015. It examines the feasibility of reviving the Glass-Steagall Act, which mandates federally supported commercial banks to focus on traditional banking activities like providing loans and accepting deposits. Also cited are the proposed 21st Century Glass-Steagall Act, which is sponsored by Senators Elizabeth Warren and John McCain, as well as the ineffectiveness of the Dodd-Frank Act.

The article reports political developments in the U.S. as of late July 2015, particularly the claim by former Texas Governor and Republican presidential nominee Rick Perry that he will mandate major banks to increase their capital or reinstitute components of the Glass-Steagall Act if elected president. The reintroduction of the Act was also proposed by Senators Elizabeth Warren, John McCain, and Maria Cantwell.

The article reports that Senator Elizabeth Warren and her cosponsors are renewing their efforts to pass the 21st Century Glass-Steagall Act that will require banks to divide their depository institutions insured by the Federal Deposit Insurance Corp. from hedge fund, private equity and other higher-risk businesses. The bill is expected to rebuild the wall between commercial and investment banking and the financial system more stable and secure.

This section offers news briefs. These include Sen. Elizabeth Warren's desire to bring back the Glass-Steagall Act as she proposes that banks get 5 years to separate their depository institutions from hedge fund as Rep. Nancy Pelosi states that some of Warren's rhetoric about the banking industry is out of step with the rest of the Democratic Party and German Chancellor Angela Merkel's rejection of Greek Prime Minister Alexis Tsipras's latest request for a new bailout.

The article reports on the reintroduction of provisions under the proposed Glass-Steagall Act sponsored by U.S. Senator Elizabeth Wareen, by a bipartisan group of lawmakers which requires banks to divide its depository firms.

Breaking up the biggest banks could wind up increasing the chances of a taxpayer bailout, while reinstating Glass-Steagall would only serve to make banks less stable. [ABSTRACT FROM AUTHOR]

The article focuses on the reform plans of U.S. Senator Elizabeth Warren for the Dood-Frank Wall Street Reform and Consumer Protection Act, in 2015. Topics and issues discussed include the importance of large institutions to the operation of companies in the country, the call to breakup large bank companies, the idea of restoring the Glass-Steagall provisions to limit commercial bank securities activities, and the competition pose by securities market financing to bank lending companies.

The author offers opinions on U.S. banking law and legislation. Legislation introduced by Senators Elizabeth Warren and John McCain is said to have less impact on the banking industry than its sponsors believe, as many of its provisions simply reinforce existing provisions of the Glass-Steagall Act and Dodd-Frank Wall Street Reform & Consumer Protection Act laws.

The article discusses the Citigroup financial services firm's second-quarter profit of $4.18 billion which included Citigroup's securities and banking unit's contribution. The discussion mentions U.S. lawmakers' efforts to restore the 1933 Glass-Steagall Act's barriers between investment and commercial banking. The remarks of Citigroup's chief executive officer Michael Corbat and chief financial officer John Gerspach are noted.