Rice: Banking Lobby Won't Let New Glass-Steagall Bill Pass

July 17 (Bloomberg Law) -- Bob Rice, managing partner at Tangent Capital Partners, tells Bloomberg Law's Lee Pacchia that while Senator Elizabeth Warren's recently introduced bill to separate commercial and investment activities in American banks would improve the stability of the financial system, the banking lobby is unlikely to let the bill pass into law.

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Topics:  Banks, Elizabeth Warren, Glass-Steagall Act, Investment Funds, Lobbyists, Proposed Legislation

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