House panel: Expand banks' muni powers

Reynolds, Katherine M.
February 1998
Bond Buyer;02/05/98, Vol. 323 Issue 30325, p5
Trade Publication
Reports on the US House Commerce Committee's proposal to allow banks to directly underwrite municipal revenue bonds in an attempt to reach a compromise on financial modernization legislation. Permission of state-chartered trust companies and insured banks to conduct securities activities; Prohibition of bank employees from receiving brokerage commissions.


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