In the News: Economist Explains Delays in Banking Acquisition

John Wilcox, lecturer in the Economics and Finance Department, commented on the long-delayed acquisition of Hudson City Bancorp by M&T Bank in a recent article by Matt Glynn, Buffalo News business reporter.

Wilcox, who had a successful career in banking before joining Buffalo State, told Glynn that M&T has “historically run a pretty lean house,” according to the article. The article said that satisfying federal regulators has proved to be “time-consuming and expensive.”