FDIC Approves Rollback of Biden-Era Bank Merger Plan
The seal of the Federal Deposit Insurance Corp. (FDIC) at the agency’s headquarters in Washington, DC.
Photographer: Al Drago/BloombergThis article is for subscribers only.
The Federal Deposit Insurance Corp. approved a proposal to rescind a Biden-era policy that required US bank mergers to face steeper regulatory scrutiny.
“The proposal approved today seeks to address concerns the 2024 Statement added considerable uncertainty to the merger application process,” the FDIC said in a statement on Monday.