US banks starting to develop plans for complying with financial overhaul law

Wheels are in motion at the country’s biggest banks to eliminate lucrative parts of their businesses banned by the financial overhaul legislation signed into law last month. Out of the entire bill, the rule barring banks from speculating in the markets with their own money has been one of the most controversial and potentially costly provisions for Wall Street.

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3d rendering of a row of luxury townhouses along a street

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