Comments on: What is the deregulation of the banking industry? http://bank1.info/what-is-the-deregulation-of-the-banking-industry/ Banking Thu, 24 Dec 2009 17:48:59 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Jim W http://bank1.info/what-is-the-deregulation-of-the-banking-industry/comment-page-1/#comment-83 Jim W Thu, 23 Jul 2009 10:49:08 +0000 http://bank1.info/what-is-the-deregulation-of-the-banking-industry/#comment-83 <a href="http://www.tubeadder.com">youtube friend adder</a> Under the Glass Steagall Act, a bank could be an investment bank or a commercial bank, but not both. The Gramm-Leach-Bliley Act replaced the Glass Steagall Act, and is referred to as de-regulation, even though the act instituted new regulations. As a result of the de-regulation, you see more banks selling securities and more brokerages offering banking products. See Investopedia for details. youtube friend adder

Under the Glass Steagall Act, a bank could be an investment bank or a commercial bank, but not both.

The Gramm-Leach-Bliley Act replaced the Glass Steagall Act, and is referred to as de-regulation, even though the act instituted new regulations.

As a result of the de-regulation, you see more banks selling securities and more brokerages offering banking products.

See Investopedia for details.

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