We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Merger misunderstanding

9 July 2021 By John Foley

The U.S. president wants to make dealmaking harder, to boost competition. For banking in particular, that logic is weak. With the three biggest lenders holding one-third of America’s deposits, consolidation among the other 5,000 or so is a necessity to compete and even survive.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)