According to White & Case’s latest report on UK & European Financial Services M&A, mergers and acquisitions among UK and European banks are set to increase in 2025. This is driven by lower interest rates, governmental actions, and financial sponsors looking for exits. Banks are expected to cut headcount and local branches while focusing on their balance sheets and trimming costs to maintain profitability. The industry has already experienced significant M&A activity in the past 18 months, with over 35 domestic consolidations in the UK and euro area, excluding conflict-related deals. Notable transactions include Coventry Building Society acquiring The Co-op Bank and Nationwide buying Virgin Money. The report predicts a rise in cross-border transactions, although these may be hindered by slow progress on the European insurance deposit scheme. Regulatory and government actions will also play a crucial role in the forthcoming M&A landscape.
Financial Services, Investment Banking, Government and Regulatory,United Kingdom, European Union
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