BILL TO BAR RETAILER-OWNED THRIFTS SET TO PASS

WASHINGTON -- A bill that would bar retailers from owning savings and loans was moving toward final approval by Congress last week.The Financial Modernization Act, which President Clinton has said he would sign, includes a provision that would keep retailers from thrift bank ownership, a measure that would quash the plans of Wal-Mart Stores, Bentonville, Ark., to buy a thrift in Oklahoma. The discount

WASHINGTON -- A bill that would bar retailers from owning savings and loans was moving toward final approval by Congress last week.

The Financial Modernization Act, which President Clinton has said he would sign, includes a provision that would keep retailers from thrift bank ownership, a measure that would quash the plans of Wal-Mart Stores, Bentonville, Ark., to buy a thrift in Oklahoma. The discount giant had plans to open branches of the bank in its stores.

In late June, W

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