![Will the wave of fund management M&A come to Europe? Maybe, but don’t hold your breath](https://s.wsj.net/public/resources/images/FN-AL401_FN_MER_M_20201014091206.jpg)
The years of discussions about consolidation in European banking and asset management have been less Fast & Furious and more Waiting for Godot. Lots of talk and very little action.
But in banking the picture is finally beginning to change with medium-sized deals agreed in Italy and Spain in recent months. Could the same start to happen in asset management?