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The Federal Reserve approves a merger between Cathay General Bancorp and SinoPac Bancorp, two California banks with combined assets of around $15.4 billion. This decision reflects the Fed's shift towards a more relaxed stance on bank mergers, indicating a reduced level of scrutiny for smaller institutions. The approval suggests a changing regulatory environment as the Fed adapts its approach to bank combinations, taking into account potential risks to the financial system.
Saturday, 18 March, 2017