M&A Year in Review 2023 brochure - Flipbook - Page 26
26
Financial
Institutions
Sector performance
2023 was a turbulent year for M&A in the financial
institutions sector. At the beginning of the year, macroeconomic challenges, particularly inflationary pressures
and the consequential rapid rises in interest rates across
the globe, resulted in reduced M&A activity in the sector
and some high-profile bank failures.
The end of the year saw a more favorable environment
for M&A activity as dealmakers focused on strategic
opportunities in specific core areas, including ESG,
digital transformation, and supply chain optimization.
Smaller financial institutions continued to consolidate
to overcome lack of scale.
Hogan Lovells activities
Our Financial Institutions team released its annual
FIS Horizons publication, providing insight into
key regulatory developments, including digital
transformation; diversity, equity, & inclusion (DEI);
and ESG.
We launched our Distressed Banks Task Force to help
clients navigate financial risks in the wake of recent
bank failures. We further developed our Digital Assets
and Blockchain practice by publishing our Digital
Trust Whitepaper. We also enhanced our Sustainable
Finance and Investment practice by delivering tools,
products, and solutions required to help clients
overcome challenges and leverage opportunities in this
growing sector.
