DealZone Daily

December 18, 2009

Friday’s highlights from Reuters:

The energy, finance, technology and healthcare industries are expected to be the hottest areas in a dealmaking market that in 2010 is likely to expand gradually from this year’s depressed levels. M&A totals $1.968 trillion so far in 2009, down 32 percent from full-year 2008 and down 53 percent from the record high in 2007, according to data from Thomson Reuters

A dizzying recovery in financial markets this year has upended the usual pecking order for fee-making in investment banking and turned the bonuses flowing from those fees into political dynamite. The shape of the fee pool has really changed materially over recent years,” said Simon Warshaw, co-head of investment banking for Europe, the Middle East and Africa (EMEA) at Swiss bank UBS, ranked fifth for global equity capital markets (ECM) issues and fees this year. Read the  story here.

And in news elsewhere:

The disposals Lloyds has agreed to as compensation for taking state aid were a “very fair deal” but it has no plans to sell the assets off soon, the banking group’s chief executive told the Financial Times.  Read the report here.

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