NEW YORK (TheStreet) -- Strong capital levels and solid core earnings are two factors that banks must have if they want to participate in bank consolidation as an acquiror.
Eighteen months ago, many banks were scrambling to raise capital; now those same banks are flush with capital and searching for growth - partly through acquisitions, said Eric Heaton, managing director and co-head of financial institutions group at Deutsche Bank.
Banks will focus on growth and ultimately the viability of their business models, Heaton said, during an investment banker panel discussion at the second annual SNL Financial Bank M&A Symposium held Tuesday in New York. The panel included Heaton and four other banking experts.
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