NEW YORK — President-elect Donald Trump's return to the White House could usher in a wave of bank mergers and acquisitions as the administration appoints regulators who are more open to approving larger deals, financial executives and analysts said on Tuesday.
NEW YORK — President-elect Donald Trump 's return to the White House could usher in a wave of bank mergers and acquisitions as the administration appoints regulators who are more open to approving larger deals, financial executives and analysts said on Tuesday.The banking industry is expected to win big if Republican regulators ease capital rules and merger approvals when they replace the aggressive financial regulators of the Biden era.
Larger regional banks should also be allowed to buy rivals and get significantly bigger, creating more competition for banking giants whose deposits have swelled in recent years.'I think we're going to see more activity, there's a lot of pent-up demand' for bank deals, said Tom Michaud, CEO of investment bank Keefe, Bruyette & Woods.Midsized banks typically improve their returns on capital after deals increase their scale, he said.
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