The Gramm-Leach-Bliley Act alters some of the provisions of the Glass-Steagall Act of 1933. Specifically, prohibitions on a bank holding company from owning other financial companies are repealed, with the result that commercial and investment banking are no longer considered separate.

The G-20, also known as the Group of Twenty Finance Ministers and Central Bank Governors to help distinguish them from the Group of 20 Developing Nations, is a group of finance ministers and central bank governors from 20 of the worlds largest economies. It was established during the G7 Finance Ministers’ meeting in September of [...]