House Banking Committee Chairman Henry B. Gonzalez, D-Tex., last week said his panel will conduct a series of hearings to examine the potential impact on the economy of "new mega-buck mergers" in the banking industry.

"The face of the financial system is changing drastically as major banking corporations consolidate and it is incumbent on this committee to determine what these developments will mean for businesses, communities, and consumers," Rep. Gonzalez said.

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