Mayo Says This Is a 'New Era for Bank Consolidation'

What is the biggest driver. Because that need to consolidate has been around. Is it just that the regulation is letting the banks do this now.Well, scale has never been more important. And to put things in context, the bank that just sold, it takes them it would have taken them a decade and a half of spending to equal what JPMorgan's going to be spending just on technology this year. So it's never been more competitive.But, also, the regulatory environment, it suppressed the level of bank mergers. I think t ...