A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. REUTERS/Lucas Jackson/File Photo Acquire Licensing Rights
NEW YORK, Dec 5 (Reuters) – Global bank executives said that dealmaking conditions have begun to improve, with some predicting a better outlook for strategic mergers and acquisitions at an industry event Tuesday.
Both M&A activity and initial public offerings (IPOs) faltered last year after Russia’s invasion of Ukraine and the U.S. Federal Reserve’s aggressive rate hikes to tame inflation.
“The M&A deals are coming a little faster,” Bank of America CEO Brian Monyihan told the Goldman Sachs U.S. Financial Services Conference on Tuesday.
Monyihan said that as the interest rate environment stabilizes, there would be more scope for dealmaking.
Goldman Sachs Chief Financial Officer Denis Coleman said a lot of clients had an appetite and interest in…
