The Big Banks Get Set To Branch Out In EarnestKelley Holland and David Greising
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.