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Tuesday, May 21, 2024

Morgan Stanley's Gorman says banking industry consolidation is "inevitable"

 Morgan Stanley executive chairman James Gorman said on Tuesday consolidation in the U.S. banking industry is "inevitable" as large lenders face competitive pressure to get bigger.

Gorman was speaking at a conference at the Federal Reserve Bank of New York.

https://www.marketscreener.com/quote/stock/MORGAN-STANLEY-13654/news/Morgan-Stanley-s-Gorman-says-banking-industry-consolidation-is-inevitable-46787040/

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