Banking regulations prevent banks from:
A) holding more than 10 percent of their assets in common stock of companies.
B) owning corporate jets.
C) owning common stocks of corporations.
D) building big office buildings.

Question

Quizplus · Accepted Answer

Banking regulations, such as the Glass-Steagall Act, prohibit banks from owning common stocks of corporations to prevent conflicts of interest and protect against excessive risk-taking.

Banking Regulations Prevent Banks From