1. Activist Funds Turn Attention to Banks as New Merger Wave Sets Up

    Activist Funds Turn Attention to Banks as New Merger Wave Sets Up

    Activists are circling the U.S. banking industry as lenders struggle to distinguish themselves amid increased competition. More Activist investors are turning their attention to the U.S. banking industry, which many see as ripe for a new merger wave as lenders struggle to distinguish themselves amid intensifying competition...

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  2. Quotes

    1. We've been seeing activity and clients looking into the banks space for a number of years now.
    2. The competition is for our clients and making sure that we're relevant.
    3. A vibrant M&A market leaves underperforming banks with few excuses to not explore strategic alternatives.
    4. I think we could see an uptick in activism for the rest of 2019 as a result of the correction in valuations and I think many investors know this is probably close to the ninth inning of the economic recovery.
    5. A lot of bank activists say a bank has to earn the right to its independence, which means the bank has to perform and execute at least on par with peers, or better.
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