Receiving Wide Coverage ...
Catching fire: For a Depression-era law, the Glass-Stegall Act has certainly gone prime time in 2016. Observers spent much of Tuesday scratching their heads over the GOP's decision to include in its party platform bringing back the provision. The law, which separated commercial and investment banking activities, was repealed under President Bill Clinton. The New York Times calls the proposal, which has also been backed by many on the left, "almost a code word in both parties for
But the move does underscore the fact that bankers may have fewer friends in Washington these days. The "changes in tone suggest that investors need to think a little differently about
Separately, the Journal details the "
Could have been worse: Goldman Sachs posted a strong profit of $1.82 billion on Tuesday, but revenue slipped 13% to $7.93 billion from a year earlier. Staff cuts and reduced risk-taking are making the bank look more "ordinary" – on par with Wall Street competitors.
Wall Street Journal
Money machine: Researchers at the Bank of England released a paper this week that advocates the central bank produce its
Filling the void: Bank of the Ozarks, a small Arkansas lender, is expanding its commercial lending footprint across the country – in places like Miami and Houston. It's finding itself up against less competition, because the bank "is diving headlong into some of the