A Bronx community group filed a 45-page protest Monday to Fleet Financial Group's proposed merger with BankBoston.

The group, Inner City Press/Community on the Move, told the Federal Reserve Board, the Justice Department, and six state regulatory agencies that the merger would diminish competition and raise prices. Inner City Press also accused Fleet of reducing lending to low- and moderate-income communities after previous mergers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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