For months, bankers have been buzzing excitedly about a coming wave of trans-Atlantic deals. But when one actually happened Monday, the stock market shrugged it off as an aberration.

Though domestic merger deals have sent bank stocks soaring, HSBC Holdings' $10.3 billion deal for Republic New York Corp. barely registered a blip.

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.