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Federal Deposit Insurance Corp.

The Federal Deposit Insurance Corporation (FDIC) headquarters is seen in Washington, D.C. (credit: Karen Bleier/AFP/Getty Images)

FDIC Backs Ban On Banks Trading For Own Profit

Banks would be barred from trading for their own profit instead of their clients under a rule federal regulators proposed Tuesday. The Federal Deposit Insurance Corp. backed the draft rule on a 3-0 vote.

10/11/2011