Lots of Banks Means Lots of Bank Mergers - Bloomberg
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One conclusion that a lot of people have drawn from the 2023 crisis of US regional banks is that the US has way too many regional banks. The other nice thing about this business, for an investment bank, is that it is sort of countercyclical. Higher interest rates are bad for, say, private-equity lev
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- One conclusion that a lot of people have drawn from the 2023 crisis of US regional banks is that the US has way too many regional banks.
- The other nice thing about this business, for an investment bank, is that it is sort of countercyclical. Higher interest rates are bad for, say, private-equity leveraged buyouts, but they are good for making regional banks nervous. As rates go up, M&A will be quiet in a lot of sectors, but it might get busier in banking.
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