[20211028]IF11956_银行并购.pdf

https:/crsreports.congress.gov October 28, 2021Bank Mergers and AcquisitionsOn July 9, 2021, President Biden issued an executive order on competition, which, among other things, encourages the Attorney General and the federal banking regulators “to review current practices and adopt a plan, not later than 180 days after the date of this order, for the revitalization of merger oversight.” Congress has been interested in mergers among large banks in recent years (see Table 1), particularly how they might affect competition. This In Focus provides an overview of the bank merger process and policy issues. Table 1. Recent IDI M&As Among Top 25 BHCs By BHC consolidated assets, as of June 30, 2021 Institutions Assets ($billion) M&A Date U.S. Bank (plans to acquire MUFG Union Bank) $692 (pre-M&A sum) 9/2021* PNC Financial Services (acquired BBVA USA) $555 6/2021 Truist Bank (merger of BB&T with SunTrust Banks) $522 12/2019 Capital One Financial (acquired ING Bank) $423 2/2012 Citizens Financial Group (plans to acquire Investors Bancorp) $212 (pre-M&A sum) 9/2021* Huntington Bancshares (merged with TCF Financial) $175 12/2020 Source: S&P Capital IQ Pro; Citizens Financial Group; MUFG Union