Payments News


WSJ News Exclusive | M&T Bank Nears Deal to Buy People’s United for More Than $7 Billion

“M&T Bank Corp. is nearing a deal to buy People’s United Financial Inc. for more than $7 billion, according to people familiar with the matter, in the latest in a string of regional-bank tie-ups. The companies are discussing an all-stock deal that could be announced as soon as this week, the people said, assuming talks don’t fall apart.”