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Reg Costs Making Many Banks 'Too Small to Succeed': M&T's Wilmers

MAR 7, 2016 5:20pm ET

Smaller players are losing ground to deep-pocketed large banks that can both absorb compliance costs and invest in the most up-to-date technology, M&T's longtime CEO said in his annual letter to shareholders. He also worried about banks' shrinking role in the ever-changing lending landscape.

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