Private banks pick up the pace of M&A

Although mergers of large banks are relatively rare in Europe, it's a different story in private banking. M&A activity, including many small and medium-size transactions, is on the increase across the sector. Helen Avery reports.

Soudah: warns private banks
eager to acquire not to be
blinded by low prices if the
businesses do not fit culturally
with their existing operations

THERE WILL BE no rest this year for M&A advisers covering the private-banking sector. Last year’s 20-plus deals are expected to be matched and, some say, doubled as private banks and wealth managers struggle to come to terms with increased costs, regulatory changes and more demanding clients. In a survey by IBM Business Consulting in the first quarter of 2003, 70% of European private banks said they had considered merging or acquiring over the previous 12 months.

Private banks pick up the pace of M&A

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Private banks pick up the pace of M&A

Thanks for your interest in Euromoney!To unlock this article:

How banks can make cybersecurity a revenue generator

Awards for Excellence Middle East and Islamic Finance winners celebrate in Dubai

Regulators should be upfront with taxpayers – and admit all deposits are guaranteed

The FX Files: Is it the end of the line for single-dealer platforms?

Thanks for your interest in Euromoney!
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