The Traderszone Network

Published in TZ Latest News 4 February, 2016 by The TZ Newswire Staff

U.S. banks targeted by activist investors on merger wave hopes

While these activist hedge funds have already targeted some major financial companies, such as insurer American International Group Inc and auto loan lender Ally Financial Inc., banks have historically stayed out of their sights. Activists launched 97 campaigns last year aimed at the U.S. financial sector, around triple the amount from 2009, according to Thomson Reuters Activism data.