Translations for „Steagall“ in the English » German Dictionary

Glass Steagall Act N ECON LAW

Specialized Vocabulary

Glass Steagall Act (US-Gesetz, das die Trennung von Geschäfts- und Investmentbanking vorschreibt)

Glass Steagall Act m

Monolingual examples (not verified by PONS Editors)

English

A formidable barrier to the mixing of these activities was then set up by the Glass Steagall Act.

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That came at the time of the repeal of the Glass Steagall Act of 1933.

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In 1999, bank lobbyists successfully repealed the Glass Steagall Act, allowing banks to gamble with depositors' money.

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Moreover, the Glass Steagall Act was passed because of the fraudulent use of normal bank deposits for speculative invesments.

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