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Sleeping in the vault

By: Language: English Series: The Economist ; 378(8460) 14 January 2006, 77(1)Publication details: 2006Subject(s): Summary: Two US banks are among the owners of new hotels in Pennsylvania and North Carolina in a move approved by the Comptroller of the Currency, the US national bank regulator that arguably ignores restrictions on investment in property by banks warns that the line between banking and commerce may become indistinguishable bringing serious economic consequences.

Two US banks are among the owners of new hotels in Pennsylvania and North Carolina in a move approved by the Comptroller of the Currency, the US national bank regulator that arguably ignores restrictions on investment in property by banks warns that the line between banking and commerce may become indistinguishable bringing serious economic consequences.