|Sen. Susan Collins (left) has proposed strict new regulations on capital as part of the financial reform bill, and she's got the backing of FDIC Chairwoman Sheila Bair (right).|
The Federal Reserve has been on a roll approving regional bank acquisitions with more to come, even as the Department of Justice is cracking down on mergers.
Hudson City Bancorp (HCBK) shares are down after the company's $3.7 billion merger with M&T Bank gained regulatory approval three years after the deal was announced.
Hudson City Bancorp (HCBK) shares are lower after the Federal Reserve approves the bank's merger with M&T Bank (MTB) afer three years.