“H. Rodgin Cohen on the State of Bank M&A” (The New York Times DealBook and Reuters)October 7, 2009
Rodge Cohen discussed the current outlook for bank mergers and acquisitions in the United States in The New York Times DealBook article, “H. Rodgin Cohen on the State of Bank M&A.” In the article, Mr. Cohen discussed the causes for the recent low activity in bank deals. “Banks do not want to engage in acquisitions until they have their own problems under control – and only a small number of banks have achieved that level of confidence. Perhaps even more important, even when banks are more comfortable about themselves, they are still concerned about their ability to evaluate and deal with the level of asset quality and other problems at the target institution,” he said. Mr. Cohen also noted the heightened scrutiny of bank regulators as another cause for delay in bank M&A. Mr. Cohen was also featured in the Reuters article, “U.S. Bank M&A Slump Seen for Many More Months,” which forecasted the immediate future of the U.S. banking industry. The article referenced Mr. Cohen's keynote address at SNL Financial's symposium on bank M&A, which was held in New York on October 6-7. In his address, Mr. Cohen said that regulatory action and creative deal structures could help to advance bank M&A.