Biden Order Seen as Minimal Threat to Bank M&A

American Banker, July 12, 2021–Jim Dobbs (subscription)
An executive order issued Friday by the president calls for greater scrutiny of bank mergers, as part of a broader effort to promote competition in financial services, technology and other sectors. But just as the specter of gun control is known to encourage near-term firearm sales, Biden’s order could spur banks to rush into deals out of concern that stricter regulation will follow.