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Q: What Glass Act split commercial investment banks?
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Is Morgan Stanley part of JP Morgan Chase?

They have similar roots, but are legally affiliated. Morgan Stanley was formed by Henry Morgan and Harold Stanley in 1935, both of whom had been partners of J.P. Morgan. Morgan Stanley was formed because of new banking laws (the Glass-Steagall Act) which required the big banks to split their commercial and investment areas. J.P. Morgan chose commercial banking, so Morgan and Stanley left to form Morgan Stanley to handle investments.


What are the different kinds of banks used in today's time?

"banks" is a big word -- meaning it has a lot of imprecise meanings. globally, there are several "types" of financial services companies that serve as "banks" in some form or another. For example, there are commercial and retail banks. Retail banks are probably what you know of as a bank -- it takes "retail" or "individual" deposits of assets (which may be cash or other valuable assets) and lends money in various forms ... home or auto or boat loans, credit cards. It may help an individual take in deposits or pay bills (think of direct deposit of paychecks or online banking to pay bills). Commercial banks perform these same assorted banking services for other companies. Some banks do both commercial and retail. Some banks specialize in particular kinds of loans, like mortgages, investments, or custodial safe-keeping of assets; and we then call these Mortgage Banks or Investment Banks or Custodial Banks, respectively. Some financial services companies also sell insurance, often to the people for the loans they take. Or, they may sell life insurance, annuities, and/or health insurance. In many countries these financial services companies are the banks, like ING in Holland. In the US after the Great Depression, laws were passed to limit the power and reach of many financial services firms, and Commercial, Investment, and Insurance companies were split -- in fact, barring a single firm from doing these three financial roles; although that changed in the late 90's when the law was repealed. Banks (in the US) are also former under various "charters". There are Federal charters and State charters, which reflects on whether a bank can offer their depositor and lending services. Also, banks can be formed by the government, privately, or publicly. for example, there's the Federal Reserve Bank and GNMA (Govt National Mortgage Assn) who are government banks. And, there's private banks (investment companies) like Goldman Sachs or Morgan Stanley. And, there are public banks... where they sell their ownership, stock, publicly, like Bank of America or Wells Fargo. And, there are membership banks, called credit unions, where originally the bank pooled the deposits of its members to provide banking (lending to its members (exclusively). Hope that helps


What does a two-for-one stock split mean to shareholders?

A two for one stock split means to shareholders that the shares they hold are actually worth two shares. For example, if a person had 100 shares before the split, they would have 200 shares after the split.


Does a stock split affect what your total shares are worth at the time of the split?

Occasionally, corporations split their stock. However, this does not change the value of the shareholder's shares on the corporation records or the corporation's net worth.


When did the Lucent stock split in 1999?

The second Lucent stock split occurred on 04/01/1999. Lucent Technologies, a multinational telecommunications equipment company offered a 2 for 1 stock split.

Related questions

Is Morgan Stanley part of JP Morgan Chase?

They have similar roots, but are legally affiliated. Morgan Stanley was formed by Henry Morgan and Harold Stanley in 1935, both of whom had been partners of J.P. Morgan. Morgan Stanley was formed because of new banking laws (the Glass-Steagall Act) which required the big banks to split their commercial and investment areas. J.P. Morgan chose commercial banking, so Morgan and Stanley left to form Morgan Stanley to handle investments.


What are the different kinds of banks used in today's time?

"banks" is a big word -- meaning it has a lot of imprecise meanings. globally, there are several "types" of financial services companies that serve as "banks" in some form or another. For example, there are commercial and retail banks. Retail banks are probably what you know of as a bank -- it takes "retail" or "individual" deposits of assets (which may be cash or other valuable assets) and lends money in various forms ... home or auto or boat loans, credit cards. It may help an individual take in deposits or pay bills (think of direct deposit of paychecks or online banking to pay bills). Commercial banks perform these same assorted banking services for other companies. Some banks do both commercial and retail. Some banks specialize in particular kinds of loans, like mortgages, investments, or custodial safe-keeping of assets; and we then call these Mortgage Banks or Investment Banks or Custodial Banks, respectively. Some financial services companies also sell insurance, often to the people for the loans they take. Or, they may sell life insurance, annuities, and/or health insurance. In many countries these financial services companies are the banks, like ING in Holland. In the US after the Great Depression, laws were passed to limit the power and reach of many financial services firms, and Commercial, Investment, and Insurance companies were split -- in fact, barring a single firm from doing these three financial roles; although that changed in the late 90's when the law was repealed. Banks (in the US) are also former under various "charters". There are Federal charters and State charters, which reflects on whether a bank can offer their depositor and lending services. Also, banks can be formed by the government, privately, or publicly. for example, there's the Federal Reserve Bank and GNMA (Govt National Mortgage Assn) who are government banks. And, there's private banks (investment companies) like Goldman Sachs or Morgan Stanley. And, there are public banks... where they sell their ownership, stock, publicly, like Bank of America or Wells Fargo. And, there are membership banks, called credit unions, where originally the bank pooled the deposits of its members to provide banking (lending to its members (exclusively). Hope that helps


What is a glass?

It is where you drink,it is used so that when you drink water it will not split out.


What are the release dates for Split Ends - 2006 Richard Glass and Amanda Mock?

Split Ends - 2006 Richard Glass and Amanda Mock was released on: USA: 17 January 2009


A block of glass that can split white light into different colours?

A block of glass that can split white light into the many colors that it is comprised of is called a prism. The name comes from the traditional shape of the tool, which is a triangular prism.


A block of glass tha can split white light into different colouers?

A prism?


What is the name of the glass that can split white light into different colour's?

prism. i think.


What block of glass can split white light into different colours?

A prism is what you are referring to.


A block of glass that can split white light into different colors?

That is called a prism.


Will a Cubic Zerconia cut glass?

Any material that well scribe a line on glass, well allow cleavage to split the glass on the cleave point of scribe. Glass plate hardness is 5.5 on the MHO-scale tempered glass 6.2


What piece of equipment do we use to split light?

A clear glass prism will split a white light beam into rainbow colours.


What is the name of the song heard in the Telus commercial with the monkeys that do a bunch of split screening?

The song in the Telus monkey commercial is called "Do Your Thing" by Basement Jaxx.