I regularly listen to about a deregulation of a banking attention in headlines articles as well as alternative web articles as well as blogs. They contend it happened in a 90′s. What happened? How was it deregulated? How limiting was it before?
What is the deregulation of the banking industry?
Subscribe / Share
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.