Discover your dream Career
For Recruiters

Thursday’s Headlines: A Recent Snapshot of M&A

If the financial health of Wall Street is dictated by mergers and acquisitions, there was some bad news and good news, reflected in a graphic breakdown on DealBook, which gives us a glimpse of the most recent highlights. Worldwide, activity was down by more than a third, but the U.S. share of that pie is 30 percent. Here are some of the highlights:

  • Q1 2012 M&A activity worldwide was down 34 percent to $481 billion
  • The U.S. share was 30 percent, or $146 billion
  • Goldman retained its spot as top financial advisor with 25 percent of the marketshare
  • Runners up were (in order): Morgan Stanley, JPMorgan Chase and Citigroup
  • Freshfields Bruckhaus Deringer jumped 10 ranks since last year to be the top legal advisor
  • Runners up were (in order): Linklaters (up from No. 11), King & Wood Mallesons (up from No. 26) and McCarthy Tetrault (up from No. 56)
  • Top four M&A sectors: Mining and metals, oil and gas, power, non-residential real estate

 

Other News:

Andrew Ross Sorkin: Wall Street rarely generates the wealthiest of the wealthiest. [DealBook]

Family offices are looking to outbid Wall Street for the people who run high-powered investment funds. [NY Times]

Private equity succession plans remain unclear. [NY Times]

UBS’s private banking unit is doing significantly more fixed-income transactions. [Bloomberg]

Finra ordered Merrill Lynch to pay $10 million for wrongfully denying compensation to two brokers. [Investment News]

JPMorgan Chase’s Dimon earned $23 million last year - more than CEOs of Wells Fargo, Citi or BofA. [WSJ]

Children of some prominent dynasties are looking to a future in technology. [DealBook]

RRJ Capital aims to raise $4 billion for an Asian fund. [Businessweek]

Sen. Gillibrand expects a female bank president before a woman U.S. president. [Bloomberg/San Francisco Chronicle]

author-card-avatar
AUTHOREmma Johnson Insider Comment

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
Deutsche Bank
Investment Operations Specialist
Deutsche Bank
Jacksonville, United States
Deutsche Bank
Flow Credit Trader - Director
Deutsche Bank
New York, United States
Deutsche Bank
High Yield, Trader - Vice President
Deutsche Bank
New York, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.