UNIVERSAL BANK
LexInter | December 2, 2013 | 0 Comments

UNIVERSAL BANK

Universal Bank

The universal bank is the bank which exercises, generally as a banking group, all banking activities, and in particular that of deposit and investment banking , but also private banking (management of large fortunes) and asset management. Banking groups are now increasingly engaged in insurance activities.

After the 1929 crisis, the separation of activities was imposed on the United States by the Glass Steagall Act. It was implicitly repealed in 1999.

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