Finance

Bob Diamond Sees M&A Taking Out 3,000 US Banks in Trump Era

WATCH: “We think that there’s going to be consolidation that takes that number of 4,500 to something closer to 1,000 or 1,500,” Diamond says.Source: Bloomberg

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By Jennifer Surane and Francine Lacqua

November 4, 2025 at 10:24 AM UTC

Bob Diamond sees the number of US lenders dwindling by 3,000 in the next two to three years as regulators embrace consolidation of the industry — a trend that he hopes to help accelerate.

Diamond’s Atlas Merchant Capital, which raised a fund to invest in US regional banks earlier this year, is already working on a number of tie-ups among the 4,500 banks across the country, he said in an interview with Bloomberg Television. He declined to name the lenders his fund is working with.