Financial Services Industry
Industry: Email Alert RSS FeedA closer look at unitary thrifts.
ABA Banking Journal, October, 1998 by Cocheo, Steve
These controversial institutions represent a here-and-now mixing of banking and commerce. Even if Congress bans them, many will be grandfathered. Could this threatening organizational structure represent an opportunity?
The debate over H.R. 10-the financial modernization bill-in all its various incarnations in this Congress, has been an on-again, off again, constantly shifting affair that has turned industry against industry, even bank against bank. Even as Congress returned from its summer recess, the early September markup that Senate Banking Chairman Alfonse D'Amato planned for H.R. 10 was postponed "indefinitely," in hopes of producing consensus legislation.
Through all of this, there was one virtual certainty in the minds of seasoned Capitol Hill...
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