WASHINGTON -- Citicorp chairman John Reed endorsed the Fair Trade in Financial Services bill, reversing his bank's previous opposition to the measure.

In testimony before the Senate Banking Committee on Tuesday, Mr. Reed said he has been assured that the administration would protect U.S. trading partners -- including the members of the European Community -- who have given U.S. banks full access to their markets.

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.