Thursday, November 08, 2007

Financial firms seen boosting M&A

November 7 - Reuters - While the market for mergers and acquisitions has slowed in recent months due to a credit crunch, financial services firms are expected to seek more opportunistic acquisitions, senior executives predicted at this week's Reuters Finance Summit.

Among the likely moves will be well-capitalized Asian banks looking to buy stakes in U.S. and European financial services markets through acquisitions, executives said.

And European institutions may extend their reach into the U.S. market after assets get cheaper from a falling dollar, they said. Read More.

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