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The case for bank megadeals is back in circulation, and two of the country's largest lenders are positioned to move first.
Citigroup and Wells Fargo both have the capacity to acquire a large regional bank, with regulators having opened the door to deals of that scale and five regional institutions identified as fitting the buyer profile for either firm.
The complication: regulatory permission and a closed transaction are separated by a lot of real terrain. The regulatory shift is the foundation of the thesis.
For years, large-bank combinations faced a supervisory posture that effectively shut down conversations before they started.
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