The Federal Deposit Insurance Corp. moved forward today with a policy shift that would raise the regulatory bar for bank mergers to win government approval.
The policy, cleared along partisan lines by the FDIC board this morning, coincides with similar steps previewed by the Justice Department earlier this week. Like much of the Biden administration’s financial agenda, we expect this to be challenged in court by the banking sector.
Become a Premium Policy member to continue reading The Vault
Join The VaultAlready a subscriber? Log In
