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Finance & markets · 07/08/1996Updated: 10/18/2026 · 1 min read

Fed Proposes Plans to Expand Banking Activities, Acquire Companies

Summary

The Federal Reserve has announced plans to allow banks to engage in new nonbanking activities and acquire companies that already offer these services, a move aimed at increasing competition and innovation in the financial sector.

Original source language: Federal Register — Federal ReserveOpen original release →

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