U.S. Bankers Are Walloping European Rivals in M&A War

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U.S. investment banks have crushed their European rivals in 2013. When it comes to mergers & acquisitions, the divide is even more prominent – and it’s growing.

For the first time since 2005, not one European bank ranks in the top five positions in the global M&A revenue rankings, according to Dealogic. All five banks – Goldman Sachs, Morgan Stanley, JP Morgan, Bank of America Merrill Lynch and Citigroup – are based in the U.S.

There are two main factors at play. One: the American market is much healthier. U.S.-targeted M&A for the first six months of 2012 was $506 billion, up roughly 30% from the same period in 2012. Europe-targeted M&A, meanwhile, reached just $330 billion for the first half of the year, the lowest total since 2009, according to Financial News. The second quarter was particularly slow in Europe.

So yes, European banks are faced with a tougher chore than U.S. rivals. But that doesn’t tell the full story. In the first five months of the year, American-based banks took more investment banking fees from U.K. clients than hometown British banks, earning a 38.2% market share in the U.K., the highest since 2009. Local banks, meanwhile, owned just a 27% share of U.K. investment banking revenue during that period.

American bankers are winning at home and on the road.

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One of the key aspects of a good interview is asking pertinent questions that can help you control the conversation. Here are three important ones.

  1. What types of people are most successful in this role?
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  3. Any question that suggests you’ve done research.

(Source: AOL Jobs)

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