Financial services M&A activity expected to rise

Mergers and acquisitions in the financial services sector will gain momentum in 2010, though activity so far this year has been modest, according to PricewaterhouseCoopers.

Mergers and acquisitions in the financial services sector will gain momentum in 2010, though activity so far this year has been modest, according to PricewaterhouseCoopers.

The company's "On the Road Again – Transactions in an Opportunistic Market" financial services outlook found that more clarity of regulatory reform will impact companies' M&A plans.

Reuters reported:

Still, the report predicts the year will be better than what was a dismal 2009, when disclosed financial services transactions added up to $39 billion, a multiyear low and down from $161.6 billion in 2008. As sector fundamentals improve and reduce the gap between buyer-seller price expectations and uncertainty around various regulatory issues clears, deals should pick up, according to the report.

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