More on the M&T/Hudson City deal: There isn't much action in other regional bank shares as...

|By:, SA News Editor

More on the M&T/Hudson City deal: There isn't much action in other regional bank shares as M&T (MTB +4.8%) - by the market's verdict - picks itself up a steal, buying Hudson City (HCBK +16.2%) at about 80% of tangible book value. Hudson City finds itself in this vulnerable position by recent costly balance sheet restructurings and continuing barely-visible net interest margins.