Magazine : Archives : 1st Quarter 2020

Point of View

A STORY FOR THE AGES In my career as a financial journalist, which now spans nearly 40 years, the story I have followed with the greatest interest has been the dramatic consolidation of the U.S. banking system, which has played out one acquisition at a time over the span of several decades. It has been a story filled with blockbuster deals and big personalities, successes and excesses, pathos and hubris. Four megabanks emerged from these great tectonic shifts in banking’s geological structure. How they came into being has been fascinating to watch and write about. The most determined consolidator —...