CHICAGO – Baker Tilly Virchow Krause, LLP (Baker Tilly) expects banking industry merger and acquisition activity to increase in 2013 while values of institutions will decline, according to its recently released Banking Advisor newsletter article, "M&A in 2013: Activity up, values down". In the article, Baker Tilly explains the factors coming together to create this unusual environment, including regulatory changes, profitability challenges, and marketplace competition.
While most other industries debate healthcare reform, the banking industry continues to deal with the uncertainties surrounding the implementation of Dodd-Frank and Basel III. However, Baker Tilly predicts the industry will also spend 2013 immersed in a very different discussion: mergers and acquisitions.
"The banking industry is experiencing a confluence of regulatory and market pressures that will impact banks across multiple asset sizes. These challenges and opportunities create a unique merger and acquisition environment over the next few years." said Christine Fenske, CPA, Partner in the Financial Services Practice at Baker Tilly.
The full article, "M&A in 2013" is available online. Baker Tilly routinely publishes articles impacting business’s financial strategy which are available on the firm’s website.
About Baker Tilly Virchow Krause, LLP (bakertilly.com)
Baker Tilly Virchow Krause, LLP (Baker Tilly) is a nationally recognized, full-service accounting and advisory firm whose specialized professionals connect with clients and their businesses through refreshing candor and clear industry insight. With approximately 2,700 employees across the United States, Baker Tilly is ranked as one of the 15 largest accounting and advisory firms in the country. Headquartered in Chicago, Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 147 countries, with 30,000 professionals. The combined worldwide revenue of independent member firms is $3.2 billion.