The Federal Deposit Insurance Corp. plans to propose rolling back a Biden-era policy that had stepped up scrutiny of large bank mergers, people familiar with the matter told The Wall Street Journal’s Gina Heeb and Dylan Tokar. The proposal to rescind the 2024 policy could be issued as soon as today and is expected to be followed by new merger guidelines, one of the sources said. Publicly traded large cap banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
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