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Glass-Steagall Act
A 1933 law creating a regulatory firewall between commercial and investment banking sectors to prevent financial crises.
Investment Banking
A segment of banking that specializes in providing various financial-related and advisory services to individuals, corporations, and governments in relation to underwriting, capital raising, merger, and acquisition, and other transactions.
Universal Banks
Financial institutions that offer a wide variety of banking services, including both commercial and investment services.
TARP Funds
Stands for Troubled Asset Relief Program, a program of the U.S. government to purchase toxic assets and equity from financial institutions to strengthen its financial sector during the 2008 financial crisis.
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