Banc One Corporation, et al. Announce New Regulations on Bank Holding Company Formations, Acquisitions, and Mergers, as well as Nonbanking Company Acquisitions

Summary

The Federal Reserve has issued new guidelines for Banc One Corporation and other bank holding companies, outlining the process for formations, acquisitions, and mergers, as well as the acquisition of nonbanking companies, in an effort to promote financial stability and prevent excessive consolidation