Morgan Stanley’s E*Trade deal is being interpreted by analysts, investors and investment bankers as just the start of a long-predicted series of deals big enough to reshape the upper echelons of the U.S. financial industry.
Mastercard buys SessionM to help retailers increase customer loyalty. Houlihan Lokey grows investment banking in financial services with Freeman acquisition. Roku bets on rising advertising for on-demand content.
Companies and governments around the world have been launching real-time payment systems to speed up the movement of money between consumers and businesses, kicking off a race among banks and payment networks.
Visa’s recent green light from U.K. regulators to complete its Earthport acquisition was more than just the clearing of a regulatory hurdle — it was a revealing look at how important it has become for the card networks to diversify.