Old dogs, old tricks

14 May 2018 By Antony Currie

Cadence, set up in 2010 by Bob Steel, Bill Harrison and others to snap up failed lenders, is buying State Bank Financial for $1.4 bln. It’s a small deal in isolation. But there’s an expanding group of acquisitive upstart banks that may force stodgier rivals to do deals.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)