Massachusetts Sen. Elizabeth Warren sent a letter warning Treasury Secretary Janet Yellen and other financial regulators against allowing further bank mergers.
, D-Mass., sent a letter to key Biden administration officials slamming their openness to potential bank mergers as being "exactly the wrong approach" in the wake of the regional banking crisis., Federal Deposit Insurance Corporation Chairman Martin Gruenberg, Federal Reserve Vice Chair for Supervision Michael Barr, and others – noted that she has "long been concerned with bank concentration and your agencies’ failures to curb the proliferation of banks that are ‘too-big-to-fail.
Sen. Elizabeth Warren, D-Mass., wrote to Treasury Secretary Janet Yellen and other financial regulators warning about the dangers of more bank mergers.
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