Sen. Lincoln will propose that banks wall off derivatives trading

04/15/2010 | Bloomberg

Sen. Blanche Lincoln, D-Ark., plans to introduce a measure that would force major financial institutions to separate their derivatives-trading business from their commercial-banking operation, a congressional aide said. The bill, which is said to be tougher than a proposal from President Barack Obama, would need to be approved by the Senate Agriculture Committee and then worked into the sweeping regulatory-reform legislation.

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