For financial services companies, 1999 was a year marked by both triumph and travail.

Banks, insurers, and securities firms combined forces with Congress and the White House to repeal the Glass-Steagall Act. The banking industry once again achieved record earnings. And the year-2000 bug was squashed - or so it appeared at deadline on Dec. 30.

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.