The Federal Reserve Board gave two banks permission on Monday to consolidate subsidiaries.

Morgan Guaranty Trust Co. will combine with J.P. Morgan Delaware, Wilmington, Del. Both are subsidiaries of J.P. Morgan & Co.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.