Final answer:
Deregulation of the banking industry led to increased risky investments and ultimately the financial crisis of 2008.
Step-by-step explanation:
The deregulation of the banking industry led to significant consequences for bankers and traders. One of the results was an increase in risky investments made by banks and traders. Deregulation allowed them to take on more speculative investments, which ultimately led to the financial crisis in 2008. This crisis caused the collapse of major financial institutions and had a profound impact on the global economy.