A majority of banks reported that they would not sell their institution to a credit union— even if it was the highest bidder.
Fifty-three percent of bankers said they would not agree to a takeover by a credit union under any circumstance, while 47% said they would take the best offer, underscoring ongoing tensions between the two sectors in a time of growing financial consolidation.
Bankers were strongly inclined to support the reappointment of current Federal Reserve Chairman Jerome Powell for another term. Ninety percent want President Biden to ask Powell to remain as Chairman for four more years, which shows their preference for continuity.
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