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US bank mergers heading for seven-year high

In nine of the 10 biggest deals completed in 2016, banks selling themselves cite heightened regulatory burdens as a driver, SEC filings show

New York

HERE'S an irony: US regulators looking to avoid bailouts of too-big-to-fail banks have passed so many rules that regional and local lenders are combining to stomach the costs.

The result: banks are bulking up.

Mergers and acquisitions (M&A) by US banks surged...

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