Prospects for a breakthrough agreement among regulators on financial reform appear to be fading fast.

Testifying Tuesday before the Senate Banking Committee, Federal Reserve Board Chairman Alan Greenspan gave no ground in the debate on whether to let banks conduct securities underwriting and exercise other new financial powers through operating subsidiaries.

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.