Trade Group Is Opposing Bank Measure
American Bankers Association, Washington trade group that represents nation's largest banks, says it opposes bill intended to break down barriers that separate banking, insurance and securities businesses; association says bill is problematic because it would weaken regulatory authority of Comptroller of the Currency, whose office charters national banks and who has historically been advocate of allowing banks to pursue new lines of business; group also cites concerns that bill would allow state insurance regulators to limit banks' ability to sell insurance in favor of local insurance agents and that it would give Securities and Exchange Commission unwanted authority to define banking products (L)