A major result of the repeal of the Glass-Steagall Act was

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The repeal of the Glass-Steagall Act allowed commercial banks to engage in investment banking activities, leading to the formation of major financial conglomerates that combined commercial and investment banking operations. This contributed to the consolidation of the financial industry and the creation of firms such as Citigroup and JPMorgan Chase. The repeal of the Glass-Steagall Act led to the formation of major financial conglomerates as commercial banks and investment banks were allowed to merge. This allowed these conglomerates to offer a wider range of financial services and resulted in increased risk-taking, which contributed to the financial crisis of 2008.

A Major Result of the Repeal of the Glass-Steagall Act