Bloomberg News
CAUTIONARY TALE: "You remember what happened to us," said Bank of America CEO Brian Moynihan, referring to the problems that surfaced at its Countrywide and Merrill Lynch acquisitions.

Big Bank Chiefs Bearish on M&A

The regulatory and business environment makes most transformational deals highly unattractive and potentially dangerous for big banks, according to the leaders of Bank of America, U.S. Bancorp and PNC.

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