The House Banking Committee sounded the death knell for the nation's thrifts this week, but its Senate counterpart may have thrown the industry a lifeline.

The lifeline came from Sen. Bill Frist, R-Tenn., who crafted an amendment that calls for a merger of the bank and thrift insurance funds - but only if Congress first agrees to combine the two industry charters.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.