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Actionable news in ZION: Zions Bancorporation,

Which Banks Might Make an Offer for Zions in the Wake of Brexit Vote

Zions Bancorp (ZION) could soon become an activist or acquisition target, considering its high regulatory costs and the post-Brexit low-interest-rate environment it faces.

Following the U.K.'s vote last month to leave the European Union, analysts and investors expect a more active M&A environment in financial services, especially among regional banks like the Salt Lake City-based lender.

Some of the action predated Brexit, as two bank-specialist activist funds, Basswood Capital and Clover Partners LP, have accumulated stakes in Zions over the past few months, 0.45% and 0.1%, respectively. Though it's unlikely that either will launch a proxy contest to push for a deal any time soon, Clover Partners Johnny Guerry...


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