Which act repealed the Glass-Steagall Act in 1999?
Dodd-Frank Act
Volcker Rule
Basel III
Gramm-Leach-Bliley Act
Answer
The Gramm-Leach-Bliley Act, passed in 1999, repealed the Glass-Steagall Act, which had maintained a separation between investment banking and commercial banks in the United States since 1933.
Bank on Your Future: The Ultimate Investment Banking Quiz
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What service do investment banks provide in the issuance of debt or equity securities?
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Which of these is NOT a typical service provided by investment banks?
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