Gillian Tan, Columnist

PrivateBancorp Shareholders Should Roll the Dice

The Chicago bank's investors have nothing to lose by rejecting a deal with CIBC.

December 2, 2016 at 2:28 PM UTC

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

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Donald Trump's presidential victory is a gift that keeps on giving to bank investors. For shareholders of one regional lender, it even offers the possibility of a sweeter takeover payout.

Bank stocks have been on a tear since the Nov. 8 election, driving up the KBW Bank Index more than 18 percent on optimism the president-elect will deliver on promises to loosen financial rules and implement policies to stimulate the U.S. economy, which should lead to higher interest rates. The KBW Regional Bank Index has outperformed the broader gauge, soaring 21.6 percent in part because those lenders stand to reap the lion's share of benefits from any potential deregulation.