Results for bank merger

Nearly 2 years ago, Chairman Powell confirmed my worst suspicions: the @federalreserve  hasn’t denied a single bank merger since the 2008 financial crisis. @RepChuyGarcia  & I are introducing a new bill to make sure regulators do their jobs & stop rubber-stamping bank mergers.

In the past decade, the @federalreserve  hasn’t denied a single bank merger application. It’s clear: the Fed works for the big, rich banks – and everyone else pays the price. Earlier this year, I told Chairman Powell: that needs to change.

Dear @nsitharaman  : Can we have a public disclosure of all the big wilful defaulters listed by former RBI Governor Raghuram Rajan and given to @PMOIndia  in 2015. This should be a pre-requisite to bank merger, as single balance sheets can obfuscate these liabilities. @OfficeOfRG 

When a bank merger happens, the new CEO outs every bad or doubtful debt he can find on his combined books to reduce his personal risks. [See what happened to Yes Bank.] It is called the great purge. So expect a huge jump in bad debts & provisions 4 the same next quarter.

Two drunks propping each other up. This picture describes a possible merger between Deutsche Bank and Commerzbank appropriately!

Gigantic banks wrecked our economy, but the Fed told me they are rubber-stamping nearly every proposed bank merger. and are probably next. We can’t let banks become too big to fail again: American families will suffer.

The German finance ministry is willing to orchestrate a merger between Deutsche Bank and Commerzbank, according to Focus magazine. Various scenarios have been discussed, including one in which the German state would become DB's largest shareholder.

Is the 3-way merger of Bank of Baroda, Dena Bank and Vijaya Bank another bailout for the failing public bank sector or the creation of a central hub for crony capitalism for this government and its capitalist buddies?

We have decided to merge Dena Bank, Vijaya Bank and Bank of Baroda. Merger of the 3 banks will make this the third largest bank of the country: Financial Services Secretary Rajiv Kumar

Bank merger move must be rooted in economic knowhow & not just a route to glossing over India’s swelling NPA problem