Good morning from the Financial Times.
Today is Monday, June 30th, and this is your FT News Briefing.
U.S. banks can't wait to start doing deals again.
And China's online stores might be going out of style in America.
Plus, the White House is starting its search for the next central bank chair early.
It's just going to sow confusion at a time when markets are already having to face a lot of uncertainties about economic policy.
U.S. banks are hungry for takeovers,
and their next meal might just be right around the corner.
Executives are anticipating a surge in deals in the next year,
even as the last few months have been hit by a bit of a food desert.
Now, here to hopefully explain my tortured metaphors is the FT's Martin Arnold.
He writes about financial regulation.
Hey, Martin.
Hello.
All right, so tell me what's driving the positive outlook for U.S. bank consolidation.
Why are we expecting a turnaround?
Yeah, so it's very much an expected turnaround.
And the reasons people are anticipating that this is going to happen are mainly twofold,
I would say.
The first is a big shift in the regulatory climate.