Treasury Secretary Robert E. Rubin is expected Wednesday to endorse a Democratic version of financial reform that would permit broad powers for national bank subsidiaries.

Rep. John J. LaFalce, the ranking Democrat on the House Banking Committee, has crafted a streamlined alternative to the bill introduced last month by the panel's chairman, Rep. Jim Leach.

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.