CoreStates Financial Corp. chairman Terrence A. Larsen insisted Monday that there is still room for banks like his to survive below the top tier of megabanks.

"People see the future of banking and predict six to 12 big banks and a handful of small boutiques, but I think the future of banking is a lot more complex," Mr. Larsen said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.