About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

44 Emory L. J. 1187 (1995)
The Commercial Banking-Related Activities of Investment Banks and Other Non-Banks

handle is hein.journals/emlj44 and id is 1197 raw text is: THE COMMERCIAL BANKING-RELATED ACTIVITIES OF INVESTMENT BANKS AND OTHER NONBANKS TABLE OF CONTENTS I. INTRODUCTION .................................. 1187 II. HISTORICAL OVERVIEW ........................... 1191 III. SECURITIES-RELATED ACTIVITIES OF COMMERCIAL B ANKS .......................................... 1196 A. Brokerage Activities ........................ 1196 B. Underwriting and Dealing in Securities ........ 1198 C. Own-account Investments .................... 1199 D. Mutual Funds ............................ 1200 IV. INVESTMENT BANK FORAYS INTO TRADITIONAL COMMERCIAL BANKING FUNCTIONS ................. 1200 A. Deposit Equivalents ........................ 1201 1. The Single Thrift and the Nonbank Subsidiary Exceptions ........................... 1202 2. Financial Supermarkets ................. 1205 3. Nonfinancial Financial Supermarkets ...... 1207 B. Loan Equivalents ......................... 1210 V. THE SO-CALLED COMPETITIVE ADVANTAGES OF COMMERCIAL BANKS .............................. 1214 VI. THE KNOWING REFORM .......................... 1220 I. INTRODUCTION The laws regulating the division of power and responsibility among American financial institutions are not highly dynamic. The businesses they propose to govern are. Particularly with regard to the separation of commercial and investment banking, even the most cursory survey of ma- jor dailies shows the volatility of this area.' Recent concerns regarding I See, e.g., Two Big Banks Seek Stock Role, N.Y. TIMES, Oct. 18, 1993, at D2 (Two more leading banking companies are asking Federal regulators for permission to underwrite and sell stocks .... The Chemical Banking Corporation and the Chase Manhattan Corporation are seeking to join seven other bank companies that have been granted such permission.); NationsBank 1st in Southeast to Get Approval to Underwrite Securities, ATLANTA J. CONST., July 27, 1993, at E4

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most