KeyCorp CEO Says More Bank M&A Is Likely With Approvals Sped Up

After a spate of US regional-bank mergers in recent months, even more are likely as the timeline for regulatory approvals quickens, KeyCorp Chief Executive Officer Chris Gorman said.

“It used to take so long to get these deals approved that I think people were hesitant to do it, and now what we’re seeing is these deals are getting approved in like four months,” Gorman said in a Bloomberg Television interview Wednesday. After “a dearth of activity, I think you’re going to see probably more consolidation in our industry.”

Christopher Gorman

Photographer: Dustin Chambers/Bloomberg

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