A last-minute deal saved financial reform as the Senate Banking Committee on Friday voted 16 to 2 for legislation that would let banks, securities firms, and insurance companies combine.

Committee Chairman Alfonse M. D'Amato had been forced to cancel a vote early this month when Republicans balked at the bill's community reinvestment provisions. But a compromise reached late Thursday allowed the committee to rebound and approve the bill in a three-hour session.

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