Bank Consolidation Remains Beneficial: ConnectOne CEO
Frank Sorrentino, Founder and CEO of ConnectOne Bank, joins Bloomberg Businessweek Daily to discuss the state of regional banks as Santander snaps up Webster for $12 billion in a push...
By Bloomberg Markets · Bloomberg Markets
Frank Sorrentino, Founder and CEO of ConnectOne Bank, joins Bloomberg Businessweek Daily to discuss the state of regional banks as Santander snaps up Webster for $12 billion in a push for US expansion. Sorrentino says smaller banks benefit from consolidation as clients move from firm to firm and bank product options change. He also discusses the state of the consumer and the housing market as the Trump administration mulls different housing-related proposals centered around affordability. Sorrentino speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)