“We would be doing the public a disservice if we simply limited our analysis to a paint-by-numbers approach that looks at bank deposits in geographic branch overlaps,” the Justice Department's antitrust chief said.
March 21, 2024 at 07:44 PM
4 minute read
The Department of Justice’s initial focus in evaluating proposed bank mergers will be on understanding and preserving the competitive dynamics of the industry, DOJ’s antitrust chief said Thursday.
Banks play a “multidimensional” role in the marketplace, Assistant U.S. Attorney General Jonathan Kanter said at an event on “revitalizing bank merger review” hosted by the Peterson Institute for International Economics.
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Assistant U.S. Attorney General Jonathan Kanter. Photo: Diego M. Radzinschi/ALM
