Question

The federal law that requires each U.S. merging bank to notify its principal federal regulatory agency and request for an approval before a merger can take place is the:

A. Bank Merger Act.

B. Glass-Steagall Act.

C. Depository Institutions Deregulation and Monetary Control Act.

D. Garn-St Germain Depository Institutions Act.

E. Gramm-Leach-Bliley Act.

Answer

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