The Changing Face of American Banking

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The book delves into the evolution of the US banking system, shaped by key legislation such as the McFadden Act and the Glass-Steagall Act, along with their repeal and the subsequent Dodd-Frank Act. It examines the intricate relationship between banking regulations and economic performance, highlighting how these laws have influenced the commercial banking sector. The analysis includes the impact of the 2008 financial crisis, offering insights into how regulatory changes have affected banking practices and the broader economy over time.