The Big Banks Get Set To Branch Out In Earnest

At last, after years of rancorous debate, one of the nation's biggest regulatory blockades appears to be collapsing. The House of Representatives has passed legislation that would allow full interstate banking. A similar bill has been approved by the Senate Banking Committee. The moves reflect in part Congress' desire to avoid a repeat of the early 1990s, when regional banks' locally concentrated real estate portfolios soured.

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