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Senate Reaches Preliminary Deal On Easing Bank Rules
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14 Nov 2017 03:45 AM EST

A bipartisan group of U.S. senators said on Monday they reached a tentative deal to
ease some banking rules meant to protect consumers, a major step forward for efforts to
roll back regulations enacted following the 2008 financial crisis. The bill would
exempt banks with less than $250 billion in assets - including BB&T, SunTrust Banks and
American Express - from heightened regulatory scrutiny, in a move that could redraw the
domestic U.S. banking landscape by reducing costs and unleashing a wave of mergers and
acquisitions activity.

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