1. Which regulator approved the merger of M&T Bank Corp. and Hudson City Bankcorp 1,129 days after it was announced?
The Federal Reserve approved the merger.
2. Why do you think the regulator postponed its review of the merger until after M&T Bank addressed its compliance issues? Should they have simply asked the bank to withdraw the merger application until after the issues had been resolved? Why or why not?
I believe that the Fed decided to wait on the merger rather than force a withdraw because it was such a large deal that could provide a sense of wealth and growth in the economy causing more banks to merge stimulating stock market growth as well.
3. Why do you think the stock of both banks rose on news that the merger had been approved?
The Federal Reserve approved the merger.
2. Why do you think the regulator postponed its review of the merger until after M&T Bank addressed its compliance issues? Should they have simply asked the bank to withdraw the merger application until after the issues had been resolved? Why or why not?
I believe that the Fed decided to wait on the merger rather than force a withdraw because it was such a large deal that could provide a sense of wealth and growth in the economy causing more banks to merge stimulating stock market growth as well.
3. Why do you think the stock of both banks rose on news that the merger had been approved?