Bipartisan agreement emerges on bank resolution reform

Key insight: Bipartisan House bills that would limit largest banks from acquiring failed banks to counter industry concentration passed the House Financial Services Committee during a Tuesday markup session that carried on into Wednesday afternoon.What's at stake: Rep. Mike Flood, R-Neb., offered a bill that allows the Federal Deposit Insurance Corp. to waive the least-cost resolution requirement if the requirements would increase bank consolidation.Expert quote: "There are situations where there is a compe ...