FT News Briefing US banks are hungry for deals
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Jun 30, 2025 US banks are eager for mergers as the Trump administration changes the regulatory landscape. Meanwhile, Chinese retail giants face a decline in customers. The hunt for a new Federal Reserve chair intensifies, raising questions about future interest rates. In the UK, efforts are underway to make financial advice more accessible, marking a significant shift in investment regulations. These topics intertwine to paint a dynamic picture of the evolving financial landscape.
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US Banks Eye Merger Surge
- U.S. banks anticipate a surge in mergers driven by regulatory encouragement and hopes for less economic volatility.
- Efforts include speeding approval processes and revising bank rating systems to facilitate dealmaking.
US Bank Deals Declined
- Bank deal activity in the US subdued recently due to restrictive antitrust approaches under Biden.
- Banking deals have dropped by over 50% in the past four years.
Risks of Bank Consolidation
- More bank consolidation could reduce competition, raising costs and lowering service quality for consumers.
- Growing big banks might increase systemic risks if they face trouble.