U.S. Assistant Attorney General for the Antitrust Division Jonathan Kanter questioned whether the 1995 bank merger guidelines are "adequate to measure and assess the many different dimensions of competition that exist today," in light of "an industry that has experienced some recent turmoil."
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Assistant Attorney General of the DOJ Antitrust Division Jonathan Kanter warned that the digital platform space, as it currently stands, is especially susceptible to monopolies and identified strategies for curbing the expansion of would-be monopolies.
Assistant Attorney General Jonathan Kanter reported that the DOJ Antitrust Division is engaging the entire merger staff of both the DOJ and FTC in anticipation of issuing new draft merger guidelines.
The DOJ's Antitrust Division requested feedback from the public regarding the 1995 Bank Merger Competitive Review Guidelines as to whether current bank merger review is sufficient to prevent harmful mergers and accounts for the full range of competitive factors under the laws.
A CEO of a bank holding corporation settled FTC charges for violations of the notice and waiting period requirements under the Hart-Scott-Rodino Act.