Fifth Third to buy Comerica in the year’s biggest US bank deal

Core Viewpoint - Fifth Third Bancorp has agreed to acquire Comerica Inc. for approximately $10.9 billion in stock, marking the largest bank deal in the U.S. for the year and indicating a potential easing of the merger logjam in the banking industry due to deregulation efforts under the Trump administration [1] Group 1: Deal Details - The acquisition will result in the formation of the ninth-largest bank in the United States [1] - The combined entity will have approximately $288 billion in assets [1] Group 2: Industry Implications - This transaction suggests that the regulatory environment may be becoming more favorable for large mergers in the banking sector [1] - The deal reflects a shift in the industry landscape, potentially paving the way for further consolidation among banks [1]