In the US banking history, that separated the operations of commercial banks and those of investment bank is repealed by a. Sabox b. the Glass Steagll Act  c. Dodd-Frank Act  d. the Gramm-Leach-Bliley Act  e. Consumer Financial Protection Bureau         c       a       b       e       d

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Regulation of Commercial Banks

The main function of any commercial bank is accepting deposits and lending money to borrowers. Apart from these two activities, commercial banks provide a host of other services to their customers, like discounting bills of exchange, acting as a custodian of a customer's will, and so on. In the absence of a proper regulatory framework or proper regulations in place, the commercial banks would have ended up charging exorbitant or varied rates of interest or service charges on the funds loaned by them or the services performed by them.