What's a bank worth? Hard to know in the age of Trump
from Crain's Chicago Business
It's been nearly nine months since the announcement of a bank deal in the Chicago market. If you think that's strange, it's because it is. Despite more than 50 bank failures after the financial crisis and then a steady diet of bank buyouts once the smoke cleared, Chicago still boasts more banks than any other U.S. market. That provides lots of potential sellers for the handful of buyers looking to get bigger. Most bank acquirers, moreover, are armed with robust stock valuations, theoretically a precursor to active dealmaking. So why no action?
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