{"id":459,"date":"2023-06-28T12:07:37","date_gmt":"2023-06-28T16:07:37","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/bankinglaw\/?p=459"},"modified":"2023-06-28T12:07:37","modified_gmt":"2023-06-28T16:07:37","slug":"department-of-justice-adopts-new-focus-on-bank-merger-assessments","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/bankinglaw\/2023\/06\/28\/department-of-justice-adopts-new-focus-on-bank-merger-assessments\/","title":{"rendered":"Department of Justice Adopts New Focus on Bank Merger Assessments"},"content":{"rendered":"<p>On June 20, 2023, Assistant Attorney General Jonathan Kanter addressed the Brookings Institute to discuss the 60-year anniversary of a seminal Supreme Court of the United States case concerning bank mergers:\u00a0<i>United States v. Philadelphia National Bank<\/i>. Kanter used the opportunity to announce a new approach by DOJ to its assessment of bank mergers consistent with President Biden\u2019s July 2021\u00a0<a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/presidential-actions\/2021\/07\/09\/executive-order-on-promoting-competition-in-the-american-economy\/\" target=\"_blank\" rel=\"noopener\">Executive Order<\/a>\u00a0on Promoting Competition in the American Economy. The new approach removes predictability from the merger review process and adds uncertainty as to how DOJ will assess competitive harm in bank mergers in a similar fashion to\u00a0<a href=\"https:\/\/www.duanemorris.com\/alerts\/doj_antitrust_division_turns_up_heat_information_sharing_healthcare_industry_beyond_0223.html\">DOJ&#8217;s recent withdrawal<\/a>\u00a0of support for three policy statements that had permitted certain \u201csafety zones\u201d in the healthcare sector.<\/p>\n<p>To read the full text of this alert, please <a href=\"https:\/\/www.duanemorris.com\/alerts\/doj_changes_focus_its_assessment_bank_mergers_0623.html\">visit the Duane Morris website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On June 20, 2023, Assistant Attorney General Jonathan Kanter addressed the Brookings Institute to discuss the 60-year anniversary of a seminal Supreme Court of the United States case concerning bank mergers:\u00a0United States v. Philadelphia National Bank. Kanter used the opportunity to announce a new approach by DOJ to its assessment of bank mergers consistent with &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/bankinglaw\/2023\/06\/28\/department-of-justice-adopts-new-focus-on-bank-merger-assessments\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Department of Justice Adopts New Focus on Bank Merger Assessments&#8221;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"ppma_author":[333],"class_list":["post-459","post","type-post","status-publish","format-standard","hentry","category-general"],"authors":[{"term_id":333,"user_id":6,"is_guest":0,"slug":"duanemorris3","display_name":"Duane Morris","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/843ff6e7a8fe5fc92109b47a45f34b6cf0ea499e6e788db23456c838b0ae6747?s=96&d=blank&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/posts\/459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/comments?post=459"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/posts\/459\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/media?parent=459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/categories?post=459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/tags?post=459"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/ppma_author?post=459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}