2024 M&A Year in Review - Flipbook - Page 26
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Financial
Institutions
Sector performance
Financial services M&A surged in 2024, particularly in
banking, wealth and asset management, and payments. The
drive for greater scale, cost efficiencies, and synergies —
combined with rising technology expenses and rapid digital
transformation — fueled much of the activity.
In the banking subsector, consolidation efforts gained
momentum in Europe and the United States, with most deals
remaining domestic due to regulatory constraints. M&A and
joint ventures in wealth and asset management continued to
grow, reflecting an increased focus on private markets.
Hogan Lovells activities
Our Financial Institutions team published its annual FIS
Horizons, offering insights into how financial institutions can
navigate emerging risks and opportunities, including
regulatory shifts, digital transformation, energy transition,
and risk management.
We continued to strengthen our Digital Transformation
offering, equipping clients with the tools, products, and solutions
needed to overcome challenges and seize opportunities in this
dynamic space — including through our The Influencers
podcast. Our market-leading global Digital Assets and
Blockchain and FinTech practices hosted their annual Digital
Assets Summit and Payments Conference and successfully ran
another cohort of the FinTech Mentor Program.
Hogan Lovells
exhibits deep
knowledge of
the FinTech and
cryptocurrency
industry...”
Chambers Mexico, 2025
