lawmakers got the public approval of a top banking supervisor Monday.

"This historic legislation ... would fundamentally alter our financial landscape," said Richard Spillenkothen, the Federal Reserve Board's director of banking supervision and regulation. It would clear the way for "for more efficient, dynamic, and broader combinations of banking, securities, and insurance firms."

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.