Cowen Buys Software-Focused M&A Firm Portico in Advisory Push
Summary
The financial sector more broadly has seen a surge in deals as banks made bolt-on acquisitions to cut costs and add technologies. Earlier this year, Stifel Financial Corp. agreed to buy fixed-income brokerage Vining Sparks and its affiliates, while Citizens Financial Group Inc. struck a deal to acquire JMP Group LLC.
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