(Reuters) – The Federal Deposit Insurance Corporation’s board of directors has approved a proposal to roll back a Biden-era policy that ramped up the scrutiny of large bank mergers, the agency said in a statement on Monday.
The proposal will temporarily reinstate the merger policy that was in effect prior to 2024 as FDIC conducts a broader reevaluation of its bank merger review process, the agency said in its statement.
(Reporting by Bhanvi Satija in Bengaluru; Editing by Alan Barona)
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