, Columnist
It’s Time for JPMorgan and BofA to Make Room Up Top
Room for competition.
Photographer: Saul Loeb/ AFP via Getty Images
Dealmaking among US banks is heating up. Conditions are perfect financially and regulators have eased the way, too.
Some consolidation seems well overdue in a country with more than 4,000 banks — and double that if you include credit unions and other firms. There will be fears about creating more lenders that become too big to fail but these miss the point and are largely overblown.