As we've reported --there’s been yet more consolidation in the banking sector. The big deal today of course involves Bank Of New York buying Mellon Financial in an all stock deal worth $16.5 billion. The acquisition creates the world's largest securities servicing and asset management company with more than $1.3 trillion under management.
According to Thomson Financial--this is the second largest U.S. financial deal this year and the 12th largest bank deal ever in the U.S.
On CNBC’s "Closing Bell" Maria Bartiromo talked about the merger with Cassandra Toroian. She is President and CEO at Blue Rockefeller. And Maria also talked with Thomas McCrohan who is Senior Analyst of Financial Technology and Processing Banks at Janney Montgomery Scott.