The consolidation of the banking industry has reached a frenzy as banks try to increase profitability. One way to bolster profits is by acquiring nonbank businesses such as mortgage companies, consumer finance units, and credit card operations.

These were some of the key points made in a forum at the American Banker's first annual mergers and acquisitions forum in New York.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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