Treasury backs tougher bank trade ban - US Sen Merkley

WASHINGTON, May 10 (Reuters) - The U.S. Treasury Department supports tougher rules to ensure that banks cannot engage in high-risk speculative trading, the measure's sponsor said on Monday. "The Department of the Treasury is supportive" of the proposal, which would modify a sweeping rewrite of financial regulations currently being debated in the Senate, Senator Jeff Merkley said at a news conference. Keywords: FINANCIAL REGULATION/MERKLEY (andy.sullivan@thomsonreuters.com; +1 202 898 8391; Reuters Messaging: andy.sullivan.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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