The Post-crisis Shape of the US Banking Industry

September 30, 2008

September 2008 will rank as the precipitous window of time when the US banking industry shuddered through a forced consolidation phase marked by rapid mergers and government assisted or brokered deals. The list of mega-deals is unrivaled for such a short time period: B of A buying Merrill Lynch; JP Morgan Chase taking over Washington Mutual; Citigroup buying the banking assets of Wachovia; and potentially more deals to come. The list of takeover candidates, either voluntary or with the FDIC, is growing. What will the shape of the industry look like in 2009 and 2010? What is the competitive outlook for surviving institutions? How will this crisis-driven consolidation play out with FinTech vendors?

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