Bank merger deals not likely

At a time when banks need huge capital injections, there's always a renewed focus on costs and efficiencies. You might have thought that such an environment would be ideal for some strategic mergers, but the numbers just don't seem to be working, reports TheDeal.com. A strategic merger is a hard sell when there are so many questions about the quality of assets, future earnings and so many other things. Fortunately, for a lot of banks in need of capital, private equity firms seem to have gotten over their traditional aversion to financial services companies. As TheDeal.com notes, Corsair Capital has invested in National City. TPG  Capital has invested in Washington Mutual. The likes of Kohlberg Kravis Roberts are said to be mulling financial services investments. Who can blame them? The terms right now are incredible.  

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