Fed Pushes For Tighter Limits On Banks' Commodity Biz

By Keith Goldberg (September 8, 2016, 6:45 PM EDT) -- The Federal Reserve on Thursday urged Congress to repeal banks' authority to invest in nonfinancial companies and a grandfathering exemption allowing Goldman Sachs Group Inc. and Morgan Stanley to engage in physical commodity activities, further signaling regulators' unease with bank involvement in energy and other commodity sectors....

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