M&A in banks will get bigger: KBW CEO Tom Michaud

M&T Bank has agreed to buy People’s United Financial for $7.6 billion in an all-stock deal. KBW CEO Tom Michaud says bigger banks will become more profitable through these M&A deals. He joins 'Closing Bell' to discuss how these deals will ultimately benefit the consumer.
Mon, Feb 22 20214:41 PM EST