Bloomberg News
MOTIVATION FOR M&A: "Nine times out of ten, there's a profit motive behind" consolidation, ICBA President Cam Fine says. Investment banks and institutional investors "live off of this kind of talk. … To foster mergers, they preach gloom and doom and promise great things."

ICBA Objects to Investment Banking's View of M&A

The Independent Community Bankers of America is taking issue with Wall Street's opinion that banks need scale to survive. The group has urged members to tune out "defeatist talk" about smaller banks.

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