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22.12 - 18:07
Bank mergers risk delays as Biden administration shows its hand
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fnlondon.comDemocratic members of the Federal Deposit Insurance Corporation are pushing to review regulations around big-bank mergers, showing the Biden administration’s wider concern with such tie-ups.
Members of the FDIC met on 14 December for the first time since a partisan fight over mergers spilled into public view last week. Three Democratic members, including two appointed by President Biden, sought to launch a regulatory process related to mergers without the support of the chairman of the agency, a Trump-era holdover.
The...
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