Banks hesitate on mergers in tight regulatory environment

05/24/2013 | Wall Street Journal, The

Officials at midsize banks have grown reluctant to pursue mergers after regulators' scrutiny of M&T Bank's planned acquisition of Hudson City Bancorp. The Federal Reserve delayed the deal because of concerns about anti-money-laundering efforts at M&T, considered one of the most conservatively run banks in the country. Analysts say banks are avoiding consolidation attempts out of fear that regulators will expose potential weaknesses in their operations.

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