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Congress May Have Just Set in Motion a Huge Banking Industry Merger Wave

May 23, 2018

Via: TheStreet

It could be time to cash out on some Amazon.com Inc. (AMZN) and plow the winnings into several regional and community bank stocks.

In one last step, the House of Representatives voted 258-159 on Tuesday, May 22, in support of a Senate-derived bill aimed at peeling back regulations for scores of community and regional banks. If President Donald Trump signs the legislation before Memorial Day, as expected, the threshold at which banks are seen as “too big to fail” will increase to $250 billion from $50 billion.

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