Bloomberg Intelligence BI Weekend: OpenAI, AMD Deal, New Verizon CEO
Oct 10, 2025
A $10.9 billion merger between Fifth Third and Comerica reshapes the regional banking landscape. Verizon's new CEO, Dan Schulman, is poised to innovate consumer relationships beyond wireless. OpenAI's agreement with AMD for GPU use raises questions about infrastructure financing. Meanwhile, IBM's partnership with Anthropic aims to enhance AI for enterprise clients. On the consumer front, Constellation Brands adapts to changing tastes with non-alcoholic offerings, while ICE invests in Polymarket to tap into retail prediction markets.
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Branch Presence Drives Regional Bank M&A
- Comerica lacked retail branch presence and sought a buyer to diversify deposits after SVB-style stress.
- Fifth Third gains scale in Texas, California and the Southeast to drive growth and deposits.
Deal Spurs Consolidation Pressure
- Fifth Third's deal pressures peers like Regions, KeyCorp, M&T and Citizens to consider consolidation.
- Faster regulatory approvals under the Trump administration are encouraging banks to pursue deals more aggressively.
Use Branches Strategically For Growth
- Use branches as marketing billboards when entering new markets to build ubiquity and deposits.
- Trim branch footprints only when you already have critical mass and scale in existing markets.