AMERICAN BANKING
REFORMS RECOMMENDED
(United Press Assn.—Telegraph Copyright.)
Washington, November 29.
Before the stock market investigating committee to-day Mr W. Aldrich, head of the Chase National Bank, recommended legislation for fundamental reforms of American banking. He blamed the Federal Reserve Bank’s policies during the Harding and Coolidge administrations for being “very largely responsible” for the collapse, of the banking structure. Mr Aldrich proposed that the Glass-Steagall Bill be strengthened by amendments and additions and a more complete separation of commercial and investment banking.
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Southland Times, Issue 22187, 1 December 1933, Page 7
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83AMERICAN BANKING Southland Times, Issue 22187, 1 December 1933, Page 7
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