Banking and capital markets firms reported 89 deals with total announced value of $7.3 billion during the second quarter.
"Although financial services tapped the brakes in deal activity, we still see many attractive opportunities, especially as industry definitions blur. The current round of payment processor deals, for example, affects banking and technology, too. Leaders are finding ways to consolidate their areas of strength—and shed assets that no longer make strategic sense.”
We expect these trends to shape the deals landscape in coming months:
Financial Services Deals Leader, PwC US
Banking and Capital Markets Deals Leader, PwC US