Topic: Why Does the Fed Approve Bank Mergers
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Answers to Common Questions
Why would the Fed disapprove of a merger between two large banks?
The Fed would disapprove if/when: The merger of two large banks could potentially create a monster of a bank having so much power/control over the banking industry so as to limit the free forces of supply and demand and potentially drive th... Read More »
Source: http://answers.yahoo.com/question/index?qid=20090423011158AAP84Wx
Why don't you let Congress go ahead?" To a certain extent, isn't ...
I don't think so. I don't think so, because you've got to remember that the basic mindset at the Fed -- and other agencies that are called upon to approve or disapprove mergers -- is that the presumption is if it meets the various guideline... Read More »
Source: http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/intervie...
Why Did Bank Of America Fire Its General Counsel Four Days After ...
The timing of the firing of Timothy J. Mayopoulos, who was general counsel of Bank of America, has come under scrutiny by investigators looking into the lack of disclosure about losses at Merrill Lynch prior to the merger of the two banks. ... Read More »
Source: http://www.marketminute.com/article/show/182521/Why-Did-Bank-Of-A...
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Answers to Other Common Questions
Terms for large and middle-market firms (annual sales of $50 million or more):
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Source: http://www.federalreserve.gov/BoardDocs/SnLoanSurvey/200905/table...
