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Fed's move to put bank merger on hold slows deals, WSJ reports

A move by the Federal Reserve that put the biggest bank merger of 2012 on hold is sending a chill through midsize financial institutions, reports the Wall Street Journal. M&T Bank's (MTB) $3.8B purchase of Hudson City Bancorp (HCBK), announced last August, is on hold after the Fed raised concerns last month about M&T's anti-money-laundering program.