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Banking and Consumer Regulatory Digest - May 2024

JD Supra: Mergers

Bank for International Settlements. On April 30, 2024, Bank of International Settlements issued updated guidance on counterparty credit risk management. Credit risk management. By: Davis Wright Tremaine LLP

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The Drawbacks Of Banking Regulators' Merger Review Plans

JD Supra: Mergers

and the Office of the Comptroller of the Currency recently announced proposals to update their approaches to evaluating bank mergers and other business combinations under the Bank Merger Act. The Federal Deposit Insurance Corp. Originally published by Law360 - April 26, 2024. By: WilmerHale

Mergers 161
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FDIC Proposes Increased Scrutiny of Bank Mergers

JD Supra: Mergers

Today, a divided Federal Deposit Insurance Corporation’s (FDIC) Board of Directors issued a proposed Statement of Policy (SOP) on bank merger transactions that would create a combined bank with more than $100 billion in assets. By: Troutman Pepper

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FDIC Updates Bank Merger Guidance to Include Non-Compete Ban

JD Supra: Mergers

On March 21, 2024, the Federal Deposit Insurance Corporation (“FDIC”) approved a Federal Register notice seeking public comment on its proposal to revise its current Statement of Policy on Bank Merger Transactions. By: Seyfarth Shaw LLP

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The OCC's new Bank Merger Act rulemaking: Signs of life in bank merger reform?

JD Supra: Mergers

On January 29, the Office of the Comptroller of the Currency (OCC) issued a Notice of Proposed Rulemaking for Business Combinations Under the Bank Merger Act.

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What investors can takeaway from Q1 bank earnings reports

American Banker - Investment Banking

What lies ahead for the banking industry this year? Here's what analysts and investors are tracking after the latest bank earnings reports.

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Nigerian digital bank FairMoney in talks to buy Umba in $20M all-stock deal, sources say

TechCrunch: M&A

FairMoney, a digital bank based in Lagos and headquartered in Paris, is in discussions to acquire Umba, a credit-led digital bank providing payroll and financial services to customers in Nigeria and Kenya, in a $20 million all-stock deal, sources tell TechCrunch.

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