Top investment banks have made 28 acquisitions since 2013, but most of the purchases focused on business areas outside of traditional investment banking. Here's what this means for the future of the industry.
Investment banks are acquiring more than ever as they seek to beat out the wave of fintechs entering the space.
Some of these acquisitions provide large investment banks with new technologies like online payment processors to expand and update current businesses, or products like savings accounts to offer to new customers.
Others provide investment banks with the opportunity to grow by acquiring new assets and customers.