J.P. Morgan Chase & Co.'s managing director Fernando Rivas said at the Securities Industry and Financial Markets Association's Summit on the Troubled Asset Relief Program Monday that the TARP program will help increase the amount of completed deals.
"TARP won't change strategy," Rivas commented. "The important thing to note is that a lot of the bigger deals happened before TARP."
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However, Rivas did say that the TARP program has a significant role to play in banking M&A.
"Where TARP is going to be effective is in building confidence for
M&A," Rivas said. "TARP is very useful in helping the bank's
capital base.
"From an M&A point of view, TARP is going to help deals get done, but it's not going to change the landscape significantly
in terms of what does happen." -
George White
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