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Bank M&A deals substantially bigger in 2024

Axios reports that as of mid-June, some 27 bank deals worth $5.5b have been announced in the second quarter — handily beating the $5.2b combined value of the 126 deals announced over the preceding five quarters, per S&P Global Market Intelligence's tally.

Bank merger-and-acquisition activity remains relatively light, but the deals that came together in recent months were, in aggregate, substantially larger.

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banking