World

Tue Jul 27

Biden wants to crack down on bank mergers – here's why that could help consumers and the economy

Written by: Jeremy Kress, Assistant Professor of Business Law, University of Michigan

Biden directed regulators to find ways to limit bank mergers. AP Photo/Andrew Harnik

President Joe Biden signed a sweeping executive order on July 9, 2021, that aims to increase competition throughout the U.S. economy. In one of the order’s most significant provisions, he directed federal regulators to strengthen oversight of bank mergers.

As...

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