The plan would also allow industrial companies to own banks.
He became a legal advisor for a state owned bank.
Possibly the fact that Italy don't own their currency or central bank any more?
They had agreed to support it in exchange for Congress's giving them permission to own banks.
Italy hasn't "owned" its currency or central bank for 10+ years now.
The Senate bill is more generous to consumers than the other bills, but would not allow industrial companies to own banks.
It would also permit industrial companies to own banks.
At the same time, the bill opens the possibility for many, but not all, securities firms to own and operate banks.
It is the largest privately owned commercial bank in Kenya, according to its website.
The project was unable to break even but continued to run with large cash infusions from government owned banks.
