WASHINGTON—Democratic members of the Federal Deposit Insurance coverage Corp. are pushing to evaluation laws round big-bank mergers, displaying the Biden administration’s wider concern with such tie-ups.
Members of the FDIC are assembly Tuesday for the primary time since a partisan struggle over mergers spilled into public view final week. Three Democratic members, together with two appointed by President Biden, sought to launch a regulatory course of associated to mergers with out the help of the chairwoman of the company, a Trump-era holdover. The FDIC is one in all three federal financial institution regulators with a job in approving financial institution mergers. The group additionally contains the Federal Reserve and the Workplace of the Comptroller of the Foreign money.
