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Banks to face tougher merger controls, new Fed regulatory chief says
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fnlondon.comThe Federal Reserve’s new regulatory chief said 7 September that the central bank is considering how to more-closely scrutinise bank mergers and may beef up the way it requires certain banks to plan for their own demise.
The remarks from Fed vice chairman Michael Barr, his first in public since taking office on 19 July, suggest a more aggressive approach to overseeing Wall Street than his Republican predecessor Randal Quarles.
Barr...
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