21. Since banks can underwrite securities, securities firms want to be able to buy banks. 22. Subsidiaries of financial service holding companies would then have much greater authority to underwrite securities, for example. 23. The deal provides for operating subsidiaries of banks to underwrite securities. 24. The Federal Reserve is expected to make it easier for banks to underwrite securities by loosening rules Thursday that restrict bank holding companies from working with their securities affiliates. 25. The Federal Reserve voted today to make it easier for banks to underwrite securities by loosening rules that restrict bank holding companies from working with their securities affiliates. 26. The Federal Reserve approved a proposal that will more than double the revenue banking companies can obtain from underwriting new securities. 27. The Federal Reserve Board approved a proposal that will more than double the revenue banking companies can obtain from underwriting new securities. 28. The overall bill is designed to revamp the financial services industry by granting banks sweeping new powers, including an expansion of their ability to underwrite securities. 29. The securities were underwritten by J.P. Morgan Securities and SBC Warburg. 30. The U.S. law forbids commercial banks from underwriting corporate securities and from owning broker-dealer affiliates. |