BANK POWERS: Office of the Comptroller of the Currency has spent three months mulling comment letters on its plan to let national banks conduct new activities through subsidiaries. Currently, nonbank products and services are offered through holding company subsidiaries, not bank units. Proposed Nov. 29. Comments due Jan. 28.

The agency's approach is the opposite of several bills on Capitol Hill to repeal the Glass-Steagall Act.

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.