Big-bank mergers face new hurdles amid Washington power struggle

American Banker, December 13, 2021, Big-Bank Mergers Face New Hurdles Amid Washington Power Struggle

An unexpected salvo by Democratic appointees at federal banking agencies has added another complication to large and midsize bank mergers, which were already lagging in the face of regulatory delays.

The recent drama in Washington is expected to continue slowing down a review process that has already caused delays, National Community Reinvestment Coalition CEO Jesse Van Tol said in an interview.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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