Tag: Gramm-Leach-Bliley Act of 1999

The Glass-Steagall Act of 1933 and the Gramm-Leach-Bliley Act of 1999 are two important laws that have shaped the banking industry in the United States. The Glass-Steagall Act, also known as the Banking Act of 1933, was passed as a response to the financial crisis of the 1930s. It aimed to prevent banks from engaging…