Mark Rose, Florida Atlantic University | Newberry

Mark Rose, Florida Atlantic University

Friday, November 7, 2014

3pm - 5pm

B-84

Center for American History and Culture Programs
History of Capitalism Seminar

“Banking on Politics”
Mark Rose, Florida Atlantic University

During the 1960s, federal and state law kept bankers out of insurance and other financial services; and, many states including Illinois even prohibited branch banking. In 1998, Sanford Weill’s Citigroup and Hugh McColl’s Bank of America emerged as a result of political and legal struggles that extended back four decades. The appearance of those universal banks also represented the concluding point in a process of devolving authority to bankers and deinstitutionalizing parts of the former regulatory regime. To understand the arrival of full-service banks, grinding politics rather than neoliberal passion is perhaps the most useful concept of all.

Cost and Registration Information 

Scholl Center Seminar papers are pre-circulated electronically.  For a copy of the paper, email the Scholl Center at scholl@newberry.org.  Please do not request a paper unless you plan to attend.