separation of banking and insurance News

U.S. regulations that bar companies such as Wal-Mart Stores Inc. from providing banking services need to be reviewed as they reduce competition thereby concentrating more risk among a smaller number of banks, a U.S. banking regulator said on Wednesday. At …

A longtime political adviser to Hillary Clinton last year urged her presidential campaign to support a new version of a law that separated commercial and investment banking to avoid antagonizing the Democratic Party’s progressive wing, according to emails published by …