As generating traditional revenues becomes ever tougher for banks, their tendency toward buying nonbanking businesses that offer better returns will grow ever stronger, according to investment bankers.

The trend is also being reinforced by the waning of big bank acquisitions, according to William M. Weiant, managing director at Morgan Stanley, Dean Witter & Co., New York.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.