Gramm-Leach-Bliley Act Retroactively Legalizes Citigroup Merger, Repeals Glass-Steagall
President Clinton signs the Financial Services Modernization Act (Gramm-Leach-Bliley Act), officially repealing key provisions of the Glass-Steagall Act of 1933 that separated commercial and investment banking. The law retroactively legalizes the 1998 Citicorp-Travelers merger that created …
President Bill Clinton
Phil Gramm
Jim Leach
Thomas Bliley Jr
Citigroup
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gramm-leach-bliley
glass-steagall-repeal
financial-deregulation
citigroup
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