🏦Federal Reserve Notice on Bank Holding Companies Regulation
The notice from the Federal Reserve outlines applications for the formation and acquisition of bank holding companies under the Bank Holding Company Act. It provides details on public comment procedures and the regulatory framework governing the approval process, emphasizing transparency and public disclosure of comments received.
Learn More🚆Union Pacific's Proposed Acquisition of Norfolk Southern Overview
Union Pacific Corporation (UPC) and Union Pacific Railroad Company (UP) (collectively, Union Pacific) and Norfolk Southern Corporation (NSC) and Norfolk Southern Railway Company (NS) (collectively, Norfolk Southern) (Union Pacific and Norfolk Southern collectively, Applicants) have notified the Surface Transportation Board (Board) of their intent to file an application seeking authority for the acquisition of control by UPC, through its wholly owned subsidiary Ruby Merger Sub 1 Corporation, of NSC and, through it, NS, and for the resulting common control by UPC of UP and NS. Applicants have indicated that 2023 will be the base year for their impact analysis and that they anticipate filing their application on or before January 29, 2026.
Learn More🏦Federal Reserve Notice on Bank Holding Companies' Approvals
This Federal Reserve notice details the applications for the formation and acquisition of bank holding companies, including merger requests. It informs stakeholders about compliance requirements, public comment opportunities, and transparency concerning these financial transactions, promoting regulatory oversight in the banking sector.
Learn More🏦Federal Reserve Notice on Nonbanking Activities Proposals
The Federal Reserve System has issued a notice regarding proposals from various companies to engage in or acquire firms involved in permissible nonbanking activities. The notice provides opportunities for businesses to operate in newly authorized areas while adhering to specific compliance regulations under the Bank Holding Company Act and Regulation Y.
Learn More📊Notice on Proposals for Nonbanking Activities by Federal Reserve
The Federal Reserve issued a notice detailing proposals that allow bank holding companies to engage in or acquire companies involved in permissible nonbanking activities. The notice outlines procedures for public comment and compliance with the Bank Holding Company Act, emphasizing transparency in the regulatory review process.
Learn More⚖️FTC Reviews Petition to Reopen Order Affecting Quantum Energy
Quantum Energy Partners VI, LP, Q-TH Appalachia (VI) Investments Partners, LLC, and QEP Partners, LP (collectively "Quantum") have asked the Federal Trade Commission ("FTC" or "Commission") to reopen and set aside the Commission's Decision and Order entered on October 10, 2023, concerning EQT's purchase of certain assets of Quantum. Publication of Quantum's petition is not intended to affect its legal status or its final disposition.
Learn More🏦Regulatory Notice on Bank Holding Company Mergers and Acquisitions
The Federal Reserve System announces applications for the formation and acquisition of bank holding companies, including details for public comment. The notice outlines compliance requirements under the Bank Holding Company Act, offering transparency in the approval process and inviting stakeholder engagement on related mergers and acquisitions within the banking sector.
Learn More✈️Antitrust Concerns Over Safran's Acquisition of Collins Aerospace
The Department of Justice has fielded a complaint against Safran S.A.'s proposed acquisition of Collins Aerospace citing antitrust violations. The proposed Final Judgment requires Safran to divest its North American actuation business, ensuring the maintenance of competition in the aerospace sector for critical actuators used in large aircraft. Public comments are invited as part of the regulatory process.
Learn More🏦Change in Bank Control Act Notices for Business Acquisitions
This notice outlines applications for acquiring shares in banks or bank holding companies under the Change in Bank Control Act. It details the process for public commentary and information disclosure, emphasizing transparency and regulatory compliance within the banking sector. Interested parties are invited to submit comments regarding these applications before the specified deadline.
Learn More🏦Regulatory Notice on Bank Holding Companies and Mergers
The Federal Reserve System has issued a notice regarding the applications for the formation, acquisition, and merger of bank holding companies. Details on public comments and application processes are provided, inviting stakeholder input on the proposed transactions and changes in ownership structures within the banking sector.
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