Why has there been a lack of deals in the banking sector lately?
We need some deals to light a fire under bank stock prices. If the big players are on the sidelines for now, the local banks i.e. AF,NYB, ICBC, HU, HCBK, SOV etc should being doing deals together. Maybe WM will start the consolidation ball rolling if their stock prices appreciates.
Dam it has been quiet on the takeover front lately!