WASHINGTON - House Banking Chairman Jim Leach this week finally unveiled a new version of his bill to grant banks new securities powers and relieve the industry of some regulatory burdens.

But the legislation's chances remain iffy, banking industry sources said. Rep. Leach was scheduled to meet with House Speaker Newt Gingrich Wednesday night, and sources speculated that the Speaker would demand that Rep. Leach drop his last-ditch efforts to drum up support for his Glass-Steagall bill.

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.