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Economic growth and Europe’s debt crisis are radically changing banking MA according to PwC new study
Brave new world: New frontiers in banking MA, a research from PwC has found that recent years’ decline in banking MA is not simply due to a cyclical downturn but represents a radically changed economic and regulatory environment. The sovereign debt crisis in Europe will continue to affect banking MA for as long as it continues. The political and economic uncertainty emanating from the eurozone is making it harder to predict future impairments, agree on valuations, arrange funding and gain shareholder approval. The crisis is also having a significant impact on deal confidence, and thus frustrating MA.
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