Best of Bloomberg Intelligence (03/21/2022)

The video discusses the strong M&A activity among regional banks in 2020 and 2021, driven by consolidations like Truist's formation. However, regulatory challenges have slowed deal approvals, creating uncertainty. Despite rising yields, the economic outlook remains uncertain, affecting bank valuations. White House scrutiny has extended deal closure times, impacting future acquisitions.

In what ways has the scrutiny from the White House impacted the pace of M&A in the banking sector?

What challenges are banks facing regarding deal approvals in the current administration?