Volumes for cross-border merger and acquisition (M&A) deals so far this year are down by almost a third from 2012 levels, making this the slowest year to date for international transactions since 2009, according to Thomson Reuters data.
Despite the period since the start of 2013 including deals such as the US$19.3bn merger of publishers Publicis Groupe and Omnicom Group, which lifted announced cross-border volumes to US$384 billion in 2013, according to the data, the volumes are still 31% lower than at the same period last year.
Morgan Stanley and Goldman Sachs head the advisor league table, with just over US$103bn of cross-border work each, with JP Morgan third at US$65bn.
However after a subdued first half, in which continued fears over the eurozone crisis and the potential effect of spending cuts on the US economy subdued deal making, last month showed a revival. According to Thomson Reuters’ data, global M&A activity in July totalled US$237.3bn, the strongest figure for the month since the $352.7bn recorded in July 2008.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.
Chicago based Treasury Management System (TMS) vendor GTreasury and Sydney based risk and treasury management vendor Visual Risk have joined forces in a strategic alliance to ... read more