US banking mergers will accelerate over the next year, executives predict, driven by a more favourable approach from regulators, intensifying competition and the need to spend more on technology.
Anticipation about a surge in deals between American banks has been growing since Donald Trump won last year’s presidential election promising to cut regulation and unburden business.
But the volatility stirred up by Trump’s trade war threats has kept a lid on acquisitions, with only 78 so far this year — on track for one of the lowest annual totals in decades.
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