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Dealmakers and breakers face overhaul in banking reform
Washington negotiators push a combined House Senate banking rewrite aimed at ending riskier derivatives trading and separating bank trading from client markets. Key battles center on the Volcker rule, Lincoln provisions, debit card fees, and a new federal consumer protection bureau with limited carve outs for auto dealers and small banks.
MENTIONED IN THIS ARTICLE
Washington
Wall Street
House
Senate
Barack Obama
Barney Frank
Chris Dodd
Frank
D-Mass
Edward Mills
FBR Capital Markets
Public Citizen
Center For Responsive Politics
Congress
Clinton
Goldman Sachs
Morgan Stanley
Jpmorgan Chase
Bank of America
Volcker
Fed
Paul Volcker
Lincoln
Carl Levin
Michigan
Jeff Merkley
Oregon
Securities and Exchange Commission
Sens. Merkley and Levin
U.S
Visa
MasterCard
Federal Reserve
Donnybrook
Obama
White House
Olympia Snowe
Maine
Frank and
Dodd
Snowe