08.14.25

Trump Rescinds Biden Executive Order That Chilled Bank M&A

by: Catherine Leffert

President Donald Trump has revoked a Biden-era executive order that increased scrutiny of mergers and acquisitions (M&A), including in banking, further easing deal approvals. While many related rules had already been rolled back, the move signals the administration’s pro-merger stance. Critics, like Better Markets’ Shayna Olesiuk, warn reduced oversight could harm consumers, citing evidence that larger banks often charge higher credit card rates. Regulators have also ended reviews of deals’ impact on financial stability. Bank M&A activity is rebounding, with over 100 deals this year.

Read the full article on American Banker