The KBW Regional Bank index slumped over 3%, after a report from CNN that Treasury Secretary Janet Yellen told bank chief executives than more mergers may be...
The KBW Regional Bank index XX:KRX slumped over 3%, after a report from CNN that Treasury Secretary Janet Yellen told bank chief executives than more mergers may be necessary. The CNN report, citing two people familiar with the matter, raises the prospect that more regional banks would have to be bought by larger too-big-to-fail firms. The Treasury Department confirmed the meeting on Thursday but its readout did not include the point about the possible need for further mergers.
... The KBW Regional Bank index KRX slumped over 3%, after a report from CNN that Treasury Secretary Janet Yellen told bank chief executives than more mergers may be necessary. The CNN report, citing two people familiar with the matter, raises the prospect that more regional banks would have to be bought by larger too-big-to-fail firms. The Treasury Department confirmed the meeting on Thursday but its readout did not include the point about the possible need for further mergers.
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US Treasury Sec. Yellen told bankers more mergers may be necessary – CNNTreasury Secretary Janet Yellen told bank CEOs that more bank mergers may be necessary, CNN reported. The comments triggered risk aversion and weighed
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