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North American Financial Services Trendspotter: Investment management deals regain momentum; banks, fintechs slump
Quoted, ION Analytics
North American financial services saw an overall jump in deal volume and a surge in buyouts in 1H23 compared to the first half of 2022 as market hesitancy at the start of the year gave way to irresistible secular trends driving transactions.
"Bank M&A paused following the crisis and failures in the first quarter," said Philip Feigen, managing partner for law firm Polsinelli’s Washington office. "New regulations are working their way through Congress that will likely be more costly for community and mid-sized banks," Feigen said.
