Mergers & Acquisitions
Feb. 6, 2013
Lawyers: Bank M&A activity will pick up in 2013
While low interest rates particularly pose profitability challenges for smaller banks and community banks, many lawyers say they haven't yet seen an uptick in consolidations. But they expect to see more M&A activity in 2013.
Daily Journal Staff Writer
When Shakespeare's Shylock notes that Antonio "lends out money gratis, and brings down / The rate of usance here with us in Venice," he is concerned that he, too, will have to lend at a lower rate. Today banks face a problem not unlike that of the Bard of Avon's 16th century lender: With such low interest rates, they have little lending and investing flexibility. Low rates pose profitabilit...
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