Predictions of a broad-based global uptick in dealmaking are coming to fruition, with momentum tracking to the US: global M&A hit $2.6 trillion by end-July on the tech boom and US activity; White & Case reported that “consolidation fever” has gripped the UK and European banking sector, in part due to competition with US, while in Canada, “mega-deal” activity boosted values to the highest level since 2019, with US transactions representing the bulk, and there are record US listings for China firms. The headlines keep on coming and they are loud: WSJ reported that Wall Street hiring is “surging” amid a “scorching hot summer”.
We hear from Todd Bosworth, VP at Fidelity Agency Lending (FAL) and lead for US Equities and Corporates, on the optimistic Q4 outlook for securities financing off the back of this upturn.
This content requires a Finadium subscription. Articles with an unlocked symbol can be accessed with free registration. Log in or create a free account by signing up here..