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Finance & markets · 28/03/2000

Federal Reserve and Treasury Jointly Adopt Rule on Merchant Banking Investments

The Federal Reserve and Treasury jointly adopted an interim rule on March 17, 2000, allowing financial holding companies to make merchant banking investments, as permitted by the Gramm-Leach-Bliley Act, and solicited public comment on the new regulation.

Original source language: Federal Register — Federal ReserveOpen original release →

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