You are currently viewing Banking Deal Oversight to Get a Major Revamp

The F.D.I.C. and the Justice Department are changing how they evaluate mergers and acquisitions in the banking industry.

In the Biden administration’s final months, regulators are poised to increase antitrust scrutiny of the banking industry as part of a broader push to discourage mergers that the White House sees as damaging to consumers and the economy.

On Tuesday, the Democrat-led board of the Federal Deposit Insurance Corporation voted three to two in favor of putting in place more stringent guidelines for evaluating bank deals.

Under the new rules, which were last updated in 2008, the F.D.I.C. would require more details from banks proposing to merge and would take into account a broader array of impacts when evaluating a deal. The rules are the culmination of a process started after the Biden administration’s executive order in 2021 to more aggressively scrutinize competition in industries from technology to agriculture.

Also on Tuesday, the Justice Department

Keep reading this article on Andrew Ross Sorkin - DealBook Blog New York Times.

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