Gramm–Leach–Bliley Act

banks either failing or forced to merge. The Glass-Steagall Act (or more specifically, the Bank Act of 1933) was enacted by the government with the intent of rehabilitating the banking industry by erecting a wall between commercial banking and investment banking.” The government thought by separating the two they could lessen the amount of money that was recklessly spent by commercial banks. According to “What Was The Glass Steagall Act” “Commercial banks were accused of being too speculative in

Austin Thoreson Marcy Toews English One 06 May 2015 “Doing investment banking is like doing drugs: on your good trips you dance in clouds of marshmallows, surrounded by beautiful women (or men) serving you fruit under canopies. On your bad trips you scratch your eyes out and jump off buildings.” These are the words of Brian DeChesare, The founder of Mergers & Inquisitions and Breaking Into Wall Street. As an investment banker you will work with companies, CEOs, CFOs to help grow their business