Global bank executives said
that dealmaking conditions have begun to improve, with some
predicting a better outlook for strategic mergers and
acquisitions at an industry event Tuesday. .
US bank bosses predict soft landing as consumers stay resilient streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Global bank executives said that dealmaking conditions have begun to improve, with some predicting a better outlook for strategic mergers and acquisitions at an industry event Tuesday. Both M&A activity and initial public offerings (IPOs) faltered last year after Russia's invasion of Ukraine and the U.S. Federal Reserve's aggressive rate hikes to tame inflation. "The M&A deals are coming a little faster," Bank of America CEO Brian Moynihan told the Goldman Sachs U.S. Financial Services Conference on Tuesday.
By Saeed Azhar and Tatiana Bautzer NEW YORK (Reuters) - Global bank executives said that dealmaking conditions have begun to improve, with some predic.
The top bosses of JPMorgan, Morgan Stanley, Citigroup and other Wall Street banks will warn lawmakers that capital hikes and new regulations will hurt the economy, according to prepared congressional testimony published on Tuesday. The CEOs of the country's eight largest banks will appear before the Senate Banking Committee on Wednesday. The Basel rule, being drafted by bank regulators led by the U.S. Federal Reserve, would "unjustifiably and unnecessarily" increase capital requirements by 20% to 25% for the largest banks, forcing them charge more for services or stop offering them altogether, Dimon will warn.