WASHINGTON - At long last, the planets appear to be aligned in favor of those who want to repeal the Glass-Steagall Act.

Gone are the congressional committee chairmen who for years stood in the way of financial modernization. Instead, the Clinton administration and the chairmen of both the House and Senate banking committees are all advocating legislation to repeal Glass-Steagall.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.