According to a report by Golden Finance, US bank mergers will face stricter regulatory scrutiny under new guidelines voted on Tuesday by the Federal Deposit Insurance Corporation (FDIC). This plan is the latest move by the Biden administration to tightly restrict mergers of financial companies, intensifying scrutiny and directly considering impacts on financial stability, competition, community, and customers. The FDIC wants to ensure that a merged entity, compared to before the merger, can better meet the convenience and needs of the communities it serves for a transaction to be approved, according to the agency's statement. Companies with assets exceeding $100 billion after the merger will face a more stringent process as the agency assesses the potential risks they pose to the financial system.