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 It was implicitly repealed in 1999.

Avatar of LexInter

LexInter

Lexinter Law, with a team of dedicated authors who strive to provide you with all the relevant and actionable tips on the legal aspect of your life. Our goal is to educate you so that you can make legal action with ease, or find the right person who can help you with your unique personal legal dilemma. Take care!

Leave a Comment

Your email address will not be published.


CAPTCHA Image
Reload Image