EXACTLY What We Predicted!

From Greg M

Lions and friends…

This is from Barrons.

Headline: After the Bank Crisis Clears, Consolidation Looms.

Expect to see more consolidation in the banking industry amid the latest bit of tumult in the sector—just not right away.

Already, we’ve seen government-led acquisitions of Credit Suisse by UBS (UBS) as well as much of what was Signature Bank by New York Community Bancorp (NYCB) subsidiary Flagstar. Not to mention the continuing effort by the Federal Deposit Insurance Corp. to sell fallen SVB Financial.

It’s not just forced mergers that will lead to more consolidation. Prices were down even before SVB. And the challenging economics and unique risks of running a smaller bank with more concentrated client bases will compel other tie-ups after the dust settles from the recent crisis.

Read more… Click here: https://www.marketwatch.com/articles/after-the-bank-crisis-clears-consolidation-looms-6011dff2?mod=mw_latestnews