This casebook provides a comprehensive overview of banking regulation including its history, federal and state regulation, the role of banks in hedge funds and private equity, and international regulatory issues. It covers the capital markets, derivatives, and insurance activities of banks and their functional regulation by nonbanking regulators under the Gramm-Leach-Bliley Act. It also reviews thrift regulation and its evolution under the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) and the Federal Deposit Insurance Corporation Improvement Act (FDICIA), and contains a chapter on bank commercial lending activity, including financing of subprime mortgages and the recent collapse of that market.