Breaking News:

Economic History Latest News: New Glass-Steagall Bill Tries to Go Back to the Future

Wochit 1:06 mins

Massachusetts Democratic Senator Elizabeth Warren is one of four senators who recently introduced the 21st Century Glass-Steagall Act, which, like the original 1933 statute, would separate commercial banking from investment banking in order to reduce big bank risks. Bostjan Jazbec, the euro zone's incoming Slovenian central bank governor, said that Slovenia does not currently need international financial help to sort out its crumbling banking system although aid cannot be ruled in future. China's GDP growth is expected to have slowed down in the second quarter as weak overseas demand weighs on output and investment, providing a test for Beijing's resolve to revamp the world's second-biggest economy in the face of deteriorating data. Second-quarter GDP figures are due to be published on Monday along with other indicators, including industrial output and retail sales for June.

View Comments (0)

Recommended for You