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Furthermore, the Glass-Steagall Act prohibited any one institution from acting as both an investment bank and a commercial bank, or as both a bank and an insurer. The Gramm-Leach-Bliley Act (GLBA) allowed commercial and investment banks to consolidate. This aspect of Grammleachbliley Act Wikipedia plays a vital role in practical applications.
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Furthermore, the Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, is the federal law that essentially puts a cone of silence around that conversation. This aspect of Grammleachbliley Act Wikipedia plays a vital role in practical applications.
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