The Federal Reserve has identified certain regulatory concerns with M&T's procedures, systems, and processes related to M&T's Bank Secrecy Act and antimoney-laundering compliance program. We are revising our outlook on M&T and its subsidiaries to negative from stable. We are affirming our long- and short-term issuer credit ratings on M&T Bank Corp. at 'A-/A-2' and on Manufacturers&Traders Trust Co. at 'A/A-1'. The negative outlook reflects the possible weaknesses in M&T's Bank Secrecy Act and antimoney-laundering compliance processes, which we expect the company to remediate. NEW YORK (Standard&Poor's) April 15, 2013--Standard&Poor's Ratings Services said it revised its outlook on M&T Bank Corp. and its subsidiaries to negative from stable. At the same time, we affirmed
