A slew of mergers and acquisitions among finance-related firms is defying the global slump in dealmaking amid market turmoil triggered by US President Donald Trump’s tariff war.
Within a span of five days, financial services firms from Atlanta to Tokyo and Basel agreed on M&A worth about a combined $50 billion, according to data compiled by Bloomberg. Global Payments Inc., a company that helps process credit card transactions, on April 17 bought rival Worldpay for more than $24 billion in one of the biggest deals of the year. Simultaneously, Global Payments agreed to sell one of its units for $13.5 billion including debt.
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