WASHINGTON -- The Senate Banking Committee yesterday lumbered through its first day of deliberations on a comprehensive bank reform bill, raising concerns that work on the legislation may not be finished by Sept. 30.

Rapid completion of work on the bill is considered necessary because of the need to recapitalize the bank insurance fund, which may go broke by Sept. 30, the end of the federal fiscal year.

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.