Journal Article
The door is open, but banks are slow to enter insurance and investment arenas
Abstract: Congress opened the door five years ago for banks to enter the insurance and investment arenas, but the expected rush has yet to occur. That's probably fine with critics, who feared that the return of universal banks would bring back Depression-like instability.
Keywords: Banking law - United States; Financial modernization; Gramm-Leach-Bliley Act;
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https://www.stlouisfed.org/publications/regional-economist/october-2005/the-door-is-open-but-banks-are-slow-to-enter-insurance-and-investment-arenas
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: The Regional Economist
Publication Date: 2005
Issue: Oct
Pages: 4-9