Mergers and acquisitions (M&A) have long been a money-spinning business for investment banks, generating millions of dollars in fee revenue per deal. Now, banks’ trading businesses want a slice of the action. “In recent years, some banks have announced to us that they have made a deliberate decision to hire people to start or reinvigorate the deal-contingent business,” says Mark Battistoni, a managing director at hedge advisory Chatham Financial in London.
M&A mania: deal-contingents re-emerge but risks remain
November 30, 2016