GLOBAL- Mergers and acquisition activity has slowed in 2009, despite banks and insurers shedding their asset management units to raise cash, a study by Jefferies Putnam Lovell reveals.
The firm expects activity to remain low this year as a result of the economic downturn. Jefferies managing director Aaron Dorr said: "As they seek ways to raise capital, distressed banks and in...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date