Bank on More Consolidation in Banking
Managers, analysts speculate about who will go to the altar next.
There will be more mergers and acquisitions among regional banks, but the consolidation probably won't match the feeding frenzy seen in other quarters of the financial sector.
The week is not even half over and it's already been a busy one for bank mergers, with Firstar (FSR) buying US Bancorp (USB) for more than $21 billion and FleetBoston Financial (FBF) acquiring Summit Bancorp (SUB) for $7 billion.
Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.