WASHINGTON - Bankers and lawmakers must consider how the industry will expand once the Glass-Steagall Act is repealed, Federal Reserve Board Governor John P. LaWare said on Tuesday.

Mr. LaWare, addressing participants at the Independent Bankers Association of America conference in Honolulu, said the industry is confronted with two choices.

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.