Why did Bill Clinton sign away the Glass-Stegal Act?

Bill Clinton signed the repeal of the Glass-Steagall Act in 1999 primarily to modernize the financial industry and promote economic growth. The repeal was seen as a way to enhance competition among financial institutions and allow banks, securities firms, and insurance companies to merge and offer a wider range of services. Supporters argued that the changes would lead to greater efficiency and innovation in the financial sector, but critics contend that it contributed to the financial crisis of 2007-2008 by allowing excessive risk-taking and the creation of complex financial products.