Economy, asked by SANAM773, 1 year ago

Explain the importance of glass-steagall act and graham-leach act in investment banking.

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Answered by sumitsuperhero12345

The Glass-Steagall Act was passed by Congress in 1933. It prohibited commercial banks from conducting brokerage or investment banking activities. ... In 1999, Congress repealed the act, replacing it with the Gramm-Leach-Bliley Act.

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