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Wells Fargo and Citigroup are poised for major bank acquisitions under eased regulations but have yet to act.

Market News
23 Aug 2026
CNBC
View Source
Bullish
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Wells Fargo and Citigroup are the only U.S. megabanks with room under the 10% national deposit cap to acquire large regional banks, though neither has made a move yet. Wells Fargo's CEO is open to transformative deals, while Citigroup focuses on organic growth. Despite regulatory easing, North American bank merger values dropped over 50% in early 2026. Industry experts predict regional bank mergers will shrink their numbers and create new megabanks by 2030, signaling ongoing consolidation pressure.

More News (WFC)

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