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1927 McFadden Act: Outlawed interstate branching. Required national banks to abide by state laws. 1933 Glass-Steagall Act: Established federal deposit

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  • 1927 McFadden Act: Outlawed interstate branching. Required national banks to abide by state laws. 1933 Glass-Steagall Act: Established federal deposit insurance. Prohibited commercial banks from engaging in the insurance and securities businesses. 1994 Reigle-Neal Act: Repealed the McFadden Acts prohibition of interstate branching. 1999 Gramm-Leach-Bliley Act: Repealed the Glass-Steagall Acts prohibition of mergers between commercial banks and insurance companies or securities firms.
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  • The Globalization of Banking eurodollars LIBOR: the interest rate at which banks lend each other eurodollars, the London Interbank Offered Rate The Future of Banks financial holding company universal banks economies of scale economies of scope.
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