Surf these sites: BBC News -- Historic US Banking Reform -- BBC News report that US Congress passes banking reform, allowing insurance companies, banks and stockbrokers to own each other - and possibly triggering a new merger wave. (11-5-99) Banking Jackpot -- Article by Ralph Nader in Washington Post criticizing banking deregulation as anti-consumer and harmful to communities. (11-05-99) Clinton, Republicans Agree to Deregulation of US Financial System -- News article critical of bank reform and deregulation alleding it encouages financial monopolies,loss of privacy and other harmful effects. From World Socialist Web Site. (11-1-99). Financial Modernization Key Points -- Explanation of banking reform legislation from the American Bankers Association. Goodbye Glass-Steagall, Hello Big Mergers -- and Big Fees? -- Article in Business Week Online (10-29-99) contending bank mergers will not bring higher consumer fees because of other competition. The Big Bank Theory -- Cover story on consolidation of banking and finance industries and impacts of trend. From Time.com (04/27/98). Yahoo! Full Coverage:Bank Reform Bill -- News, background and links about U.S. banking reform allowing greater consolidation of financial institutions.
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