U.S. Rep. Robert Pittenger, a Charlotte Republican, opposes reinstating Glass-Steagall, a Depression-era banking law that kept banks from offering both commercial banking and investment banking services. He said it would have “absolutely nothing to do with creating a more sound and secure financial system.” Pittenger, pictured in a 2013 file photo, favors raising the amount of capital banks are expected to maintain instead.
U.S. Rep. Robert Pittenger, a Charlotte Republican, opposes reinstating Glass-Steagall, a Depression-era banking law that kept banks from offering both commercial banking and investment banking services. He said it would have “absolutely nothing to do with creating a more sound and secure financial system.” Pittenger, pictured in a 2013 file photo, favors raising the amount of capital banks are expected to maintain instead. JEFF WILLHELM jwillhelm@charlotteobserver.com
U.S. Rep. Robert Pittenger, a Charlotte Republican, opposes reinstating Glass-Steagall, a Depression-era banking law that kept banks from offering both commercial banking and investment banking services. He said it would have “absolutely nothing to do with creating a more sound and secure financial system.” Pittenger, pictured in a 2013 file photo, favors raising the amount of capital banks are expected to maintain instead. JEFF WILLHELM jwillhelm@charlotteobserver.com

NC lawmakers split on whether to bring back Depression-era banking law

August 12, 2016 03:21 PM

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