Hsu's Bank Merger Ideas Make Nobody Happy

Also, House Democrats want real estate excluded from SEC custody rule

Acting Comptroller Michael Hsu stepped into the messy fight over bank merger policy today, and seemingly, made no one happy. A leading liberal group called his remarks timid. Meanwhile, a top industry association said the changes he proposed would do nothing to remove the government red tape that has held up deals.

What Hsu has in mind, at least on the s…