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To a certain extent, in the USA, there was a change in bank regulations that allowed banks to expand their full operations to other States. This resulted at that time to allow a large bank such as Chase Manhattan NA to expand into other States from New York. In certain situations, these large banks were able to now purchase smaller "out of State" banks. The result was that the small "corner" bank in New Jersey for example, was bought by a Chase and the result was fewer banks across the USA. This is an example of how this caused fewer independent banks to exist and hurt competition. This form of deregulation is a controversial one.

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