Center for American Progress

BankThink Regulators must vigorously police bank mergers
In the News

BankThink Regulators must vigorously police bank mergers

Todd Phillips urges regulators to more forcefully police bank mergers due to the unique risks they pose to the U.S. economy.

Over the past half-decade, banking regulators and the Department of Justice have approved the mergers of E-Trade and Morgan Stanley, BB&T and SunTrust, and PNC and BBVA to create what are now the sixth-, ninth- and 10th-largest bank holding companies in the United States.

However, while these banks’ potential impacts on financial stability has increased with their larger footprints, it is unclear what financial services these merged banks — with consolidated assets of $541 billion to $1.1 trillion — can offer that their pre-merger components could not.

The above excerpt was originally published in American Banker. Click here to view the full article.

The positions of American Progress, and our policy experts, are independent, and the findings and conclusions presented are those of American Progress alone. A full list of supporters is available here. American Progress would like to acknowledge the many generous supporters who make our work possible.


Todd Phillips

Former Director, Financial Regulation and Corporate Governance

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Just released!

Interactive: Mapping access to abortion by congressional district

Click here