WASHINGTON -- Comptroller of the Currency Eugene A. Ludwig said Monday that he supports broad powers for banks, including the right to sell insurance and branch across state lines.

Mr. Ludwig told bankers at a conference sponsored by Merrill Lynch in New York that he will support any new power or innovation that benefits consumers and doesn't pose a safety and soundness problem for the industry.

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.