US Bank History and Legislation

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xelfgny999

Business Finance

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For the course, Money and Banking

1. Essay Topic - US Bank History and Legislation
2. Five pages, double-spaced

3. low level of plagiarism please


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Running Head: US Bank History and Legislation

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US Bank History and Legislation

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US Bank History and Legislation

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Introduction
There have been key changes in the banking organization and several new banking laws
that have had a chief influence on banks in the United States of America. In reaction to the 1980s
and early 1990s catastrophe and the more current mortgage market meltdown that instigated in
the summer of the year 2007, the banking industry and guidelines governing banks changed
rapidly and intensely with even more modifications being proposed (Fishe, Robe, & Smith,
2014). It is, therefore, vital to delineate the nature of those modifications, predominantly in
evaluation to the pre-crisis character of the US banking system and the guiding environment.
Specifically, the essay will discuss some of the regulatory changes that have emerged in reply to
the decline in the role of banks in firms’ outside financing, and the increase in noninterestgenerating activities; the blurring of distinctions between banks and other depository institutions,
and among banking companies and other financial mediators. The ever growing complexity of
banking administrations, both in a corporate hierarchy sense, and with esteem to the range of
actions in which they can take part; the more powerful globalization of banking; and the
subprime mortgage market disintegration that triggered the liquidity freeze and a credit crunch
that steered to the worst downturn in the United States of America from the time when the Great
Depression (Fishe, Robe, & Smith, 2014).
Historical background of US Banks
In the 1960s and 1970s, it was the years of tremendous growth in international banking in
the US banks. The rare truly global ones that had lengthy before ventured abroad refined their
networks and they penetrated into the foreign markets more deeply (Samad, 2012). Other huge
money-centered and regional banks also prolonged their operation, though they hugely confined

US Bank History and Legislation

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their actions to foreign financial centers and commercial principal and wholesale financial
business.
Typically, in the 1970s, many minute US regional organizations began to recognize the
benefits of foreign presence, primarily to retain and accommodate domestic clients whose
a...


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