Digital banking-related M&A activity to decline in financial services industry in 2023

Financial Advisors


By value, Q1 2023 digital banking transaction activity decreased 77% compared to the previous quarter’s total of $10.8 billion and increased 61% compared to Q1 2022. . Related transaction volume decreased by 15% in Q1 2023 compared to the previous quarter. A 450% increase compared to Q1 2022.

Bank of America was the top financial advisor supporting these M&A transactions in Q1 2023. BNP Paribas; Lazard with 1, 1 and 1 trades respectively.

Luse Gorman (PC) was the lead general counsel supporting these M&A transactions in Q1 2023. Morgan, Lewis, Bocius. Sidley Austin has his 1, 1 and 1 trades respectively.

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