Which Of The Following Is True Regarding Investment Banks?

(Correct Answer Below)

Which Of The Following Is True Regarding Investment Banks?

A) As a result of the financial crisis of 2008, all stand alone Investment banks either failed, were merged into commercial banks, or became commercial banks. B) Under the Glass-Steagal act, commercial banks were allowed to operate as Investment banks. C) When Glass-Steagal was repealed in 1999, commercial banks and Investment banks had to be separate entities. D) As of 2010, stand alone Investment banks are numerous
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As a result of the financial crisis of 2008, all stand alone Investment banks either failed, were merged into commercial banks, or became commercial banks

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