The act that allowed banks to form bank holding companies and engage in both banking and nonbanking activities, such as securities and insurance activities, was the:

Question

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The Gramm-Leach-Bliley Act of 1999 allowed banks to form bank holding companies and engage in a wider range of financial activities, including securities and insurance activities, by repealing part of the Glass-Steagall Act of 1933.

The Act That Allowed Banks to Form Bank Holding Companies