The 2020 elections and a potential new chair of the Senate Banking Committee in the next Congress could put a deadline on passage of a bill to ease a key anti-money-laundering requirement for banks.
The $26 billion all-stock deal has the OK of the boards from both companies; the administration says it will move on privatization without federal backing.
The charter may provide greater confidence for digital currency investors; bank expects to make large-scale job cuts in its global banking and markets unit.
Bankers had worried about Rep. Maxine Waters' control of the Financial Services Committee, but many now say the Democrat’s working relationship with the panel’s top Republican is refreshing.
Readers react to the FDIC's fine against a bank over a 5-year-old consent order, Regions Financial's about-face on acquisitions, HUD's promotion of a controversial CFPB official and more.
