Comments on: What is the deregulation of the banking industry? http://www.taxbanking.com/what-is-the-deregulation-of-the-banking-industry.html Personal Tax and Financial Banking Wed, 06 Apr 2011 22:58:01 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jim W http://www.taxbanking.com/what-is-the-deregulation-of-the-banking-industry.html/comment-page-1#comment-740 Jim W Fri, 22 Jan 2010 03:59:30 +0000 http://www.taxbanking.com/what-is-the-deregulation-of-the-banking-industry.html#comment-740 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.

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