Reform bill may be catalyst for US banking consolidation

Author: John Crabb | Published: 31 May 2018

Certain aspects of Senate Bill 2155, or the Economic Growth, Regulatory Relief and Consumer Protection Act, could potentially lead to increased M&A activity as the banking industry takes advantage of its increased scope for growth and consolidation, suggest sources in the US banking sector.

The bill passed through Congress last week and was subsequently signed into law by President Trump on May 24, garnering instant support from several trade organisations such as the Office of the Comptroller of the Currency, the Institute of International Bankers and the Securities Industry and Financial Markets Association. It is widely viewed as a step to unwind large parts of the Dodd-Frank Act, removing many of the restrictions placed on small to mid-size banks operating in the US.

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Senate Bill 2155 could potentially lead to increased M&A activity as the banking industry takes advantage of its increased scope for growth and...


 

 

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