Comments on: What is the deregulation of the banking industry? http://www.secretfinance.com/blog/what-is-the-deregulation-of-the-banking-industry/ Mon, 21 May 2012 15:35:56 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Jim W http://www.secretfinance.com/blog/what-is-the-deregulation-of-the-banking-industry/comment-page-1/#comment-1795 Jim W Mon, 30 Mar 2009 17:51:49 +0000 http://www.secretfinance.com/blog/what-is-the-deregulation-of-the-banking-industry/#comment-1795 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. 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.

]]>