That as it travels through the galaxy it manages to suck towards its center, all the nearby available mass until, growing and growing, it finally manages attractions of such force that not even bid-ask spreads can escape it. It is... too big to fail and you will see more of it, once a few of them fail and get acquired.
J.P. Morgan Chase & Co. Chief Executive Jamie Dimon on Monday said he expects America's biggest banks will continue to gain market share, and that the financial industry is ripe for more consolidation.
Mr. Dimon, speaking on a conference call with investors and analysts, said the financial crisis will continue to restructure the banking industry for some time. He expects more deals will be done, and doesn't rule out an acquisition for his own company that will add more branches.
He expects deals might pick up once major U.S. players receive results of the government's stress tests this week. The nation's 19 biggest financial companies are expected to receive their results late Wednesday.
J.P. Morgan's Dimon Expects Bank Consolidation to Accelerate [The Wall Street Journal]