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FDIC rescinds 2024 bank merger policy, putting in place older policy (KBE:NYSEARCA)

Entrance to The Federal Deposit Insurance Corporation (FDIC) in Washington DC.

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The Federal Deposit Insurance Corp.’s board approved a proposal to rescind the agency’s 2024 statement on bank merger transactions on Monday, saying the policy added “considerable uncertainty to the merger application process.”

The FDIC will reinstate, on an interim basis, its previous

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