Hay Discusses FDIC’s Bank Merger Proposal in Bloomberg Law
March 29, 2024
Financial Services partner Amber Hay was quoted in the Bloomberg Law article, “FDIC’s Bank Merger Overhaul Leaves Midsize Lender Deals in Limbo,” which discusses the Federal Deposit Insurance Corporation (FDIC)’s recent proposal to instate greater hurdles for mergers resulting in a combined bank with more than $100 billion in assets.
The FDIC’s larger aim is to assess the potential effects a bank merger could have on financial stability, local communities, and competition. Hay told Bloomberg Law that, in general the regulators are “trying to better prepare themselves to deal with financial stability considerations and provide clarity to the public in how they approach it.”
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