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Archive Home > 2009 > September > 20 > Citing risks, U.S. seeks new rules for niche banks

Citing risks, U.S. seeks new rules for niche banks

And in Utah, industrial banks are fighting back

By Eric Lipton / The Bulletin
September 20, 2009

SALT LAKE CITY — Generations ago, industrialists and financiers extracted fortunes from the copper and gold mines dug into the canyons near here. Now, their modern-day counterparts are resisting a government proposal that could shut down what has become another gold mine of sorts.

Utah is the....

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