Once M&A stood for the consolidation of the banking industry-- cost cutting and efficiency were paramount Today, with regulatory and market barriers all but the field is wide open and strategic mergers and acquisitions are the means to support tremendous cross-industry growth... ...and expansion.
IN THE NEARLY TWO DECADES since the banking industry was deregulated, thousands of institutions large and small have been absorbed or shuttered. The waves of consolidation that nearly halved the number of U.S. banks since the mid-1980s were driven by relentless competitive pressures and the unceasing push for improvements in efficiency and greater economics of scale.
But the …
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