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DOJ scraps 1995 Bank Merger Guidelines, overhauling antitrust review and increasing uncertainty

Summary by Financial Services: Regulation Tomorrow
The Department of Justice (DOJ) announced on September 17, 2024 that it has withdrawn its 1995 Bank Merger Guidelines, effectively overhauling how it reviews M&A transactions involving banks and bank holding companies. According to the DOJ, the 2023 Merger Guidelines are its sole authoritative statement across all industries that identify the factors and framework that the DOJ considers when investigating mergers. Read the full alert here.

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