RSS Updates
Email Updates
The IPO and M&A markets have gone to pieces. No one would be surprised but the extent of the decline is shocking.
Global IPO activity is lower than it has been at any time in the last four years. M&A transactions are as far down as at any time since November 2004.
The Telegraph reports that "worldwide takeover activity slowed to $164bn, despite a large rise in sovereign wealth funds from the Middle East and Asia taking stakes in European and US companies on the cheap."
The employment at investment banks is likely to plummet and Wall St. firms cannot count on underwriting and mergers to offset the debacle in their subprime investments.
The beatings will continue until morale improves.
Douglas A. McIntyre
Buzz up!
Digg
Fark
Facebook
Tip'd
Tweet This
