January 9 - FT.com - Despite the collapse of bank stocks in 2007, few industry observers predict there will be a rash of mergers and acquisitions by regional and community banks.
Deals announced last year are falling through. Targets are holding out for the high valuations their peers enjoyed in the deals of yesteryear. Bidders are sitting on the sidelines hoping for even more dramatic declines in targets’ stocks.
Executives, bankers and analysts say all involved, bidders and targets alike, are discouraged by their own depressed stock prices, weak earnings and credit uncertainties. Read More.
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