BREAKINGVIEWS-Wall Street faces an M&A marshmallow test
Bank of America Corp BAC | 0.00 | |
Wells Fargo & Company WFC | 0.00 | |
Fiserv, Inc. FISV | 0.00 | |
Jpmorgan Chase JPM | 0.00 |
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
By Stephen Gandel
NEW YORK, July 8 (Reuters Breakingviews) - With regulatory relief and $200 bln of excess capital, US banks are looking for deals. Fiserv’s debit-card payment rails have drawn a look and could unlock lucrative fees. Doing so could end lenders' regulatory honeymoon, though. It's best to wait for an even bigger opportunity.
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CONTEXT NEWS
Fiserv is looking to offload its payments infrastructure business, the Wall Street Journal reported on July 6. JPMorgan Chase, Bank of America and Wells Fargo are among the banks who have taken a look at the unit, which processes debit card transactions between banks, merchants and consumers, according to the report.