Gardner Says Bank Rules Not as Restrictive as Feared

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June 24 (Bloomberg) -- Brian Gardner, senior vice president for Washington research at Keefe Bruyette & Woods Inc., talks with Bloomberg's Julie Hyman about the outlook for a final financial regulatory bill. A deal reached by members of a House and Senate conference early this morning diluted provisions from the tougher Senate bill, limiting rather than prohibiting the ability of federally insured banks to trade derivatives and invest in hedge funds or private equity funds. (Source: Bloomberg)

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