Q4 2014 U.S. Investment Bank Round-Up: Advisory Services

2014 was the best year for M&A deals worldwide since 2007 thanks to a marked increase in activity over the last two quarters. Data compiled by Thomson Reuters showed that deals worth almost $3.5 trillion were announced over the year, while deals valued at a total of $2.5 billion were closed. The discrepancy between the two figures stems from the fact that some of the largest deals announced in 2014 were yet to close by the end of the year. However, with the size of completed deals swelling quarter-on-quarter, Thomson Reuters estimated an 8% sequential jump in advisory revenues for the industry as a whole.
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