Veteran bank stock analyst Thomas H. Hanley, whose knack for identifying merger and acquisition plays in the banking industry gained him considerable attention, is out of his job at Warburg Dillon Read.

The 56-year-old analyst's tenure at Warburg Dillon Read ended Tuesday night, according to sources familiar with the events. Mr. Hanley, who has been covering bank stocks for close to 30 years for a variety of firms, was not available for comment, but a person answering Mr. Hanley's direct number at the firm confirmed his departure.

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