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Stock impact report

U.S. bank M&A surges as regulation eases: Fitch [Investment Executive - News]

Columbia Banking System, Inc. (COLB) 
Last columbia banking system, inc. earnings: 4/30 09:00 am Check Earnings Report
A sharp pivot in the approach to U.S. bank regulation is sparking a surge in merger and acquisition activity, says Fitch Ratings — a trend that may intensify as the industry looks to get deals done before policy swings the other way, and the window for easy dealmaking closes. In a new report, the rating agency documents how a “dramatic shift” in federal policy over the past year has touched off a wave of M&A in the U.S. banking sector. “Most striking is the reduced timeline for regulatory approval of deals,” the report said. For instance, it noted that Columbia Banking System's latest acquisition was approved in under four months, whereas it took 15 months to get a deal approved under the regulators' previous approach. This fast tracking of bank mergers came as regulators sharply reduced their scrutiny of proposed deals, which had been dramatically tightened under the previous administration. At the same time, the macro environment has been more conducive to dealmaking too Show less Read more
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