House, Senate lawmakers reach deal on bank bill

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Negotiators also limited the ability of banks to carry out their own high-risk trades or invest in hedge funds and private equity funds.

Bank holding companies that have commercial banking operations would not be permitted to trade in speculative investments. But negotiators agreed to let bank holding companies invest in hedge funds and private equity funds, setting an investment limit of no more than 3 percent of their capital. There are no such conditions on banks now.

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