Wells Fargo And Citigroup Have Room To Buy A Big Bank As Regulators Open Door To Megadeals
Deals·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Wells Fargo and Citigroup have the capacity to acquire a significant regional bank following regulatory changes that facilitate large transactions. Five regional banks have been identified as potential targets for these megadeals.
The recent shift in regulatory stance has created opportunities for major banks like Wells Fargo and Citigroup to expand through acquisitions. Analysts suggest that the identified regional banks could fit well within the strategic plans of these financial giants.
Wells FargoCitigroup
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Citigroup and Wells Fargo have room to buy a big regional bank as regulators have opened the door to megadeals.”
CNBC — Wells Fargo and Citigroup have room to buy a big bank. These 5 regionals fit the bill