Until the Federal Reserve Board and the Treasury Department can resolve their turf war, legislation restructuring the financial services industry is unlikely to be enacted.

Last week the House approved, by a single vote, a financial reform bill that would topple the legal barriers separating the banking, insurance, and securities industries.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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