THE NEW
TRUMP
EFFECT

President Donald Trump's executive order in March 2018 preventing Broadcom's acquisition of Qualcomm came at a landmark moment for M&A. Bankers must now factor rising protectionism into an environment that already looked mixed, with secondary market participants welcoming the return of volatility but corporates facing a less certain primary financing climate.

Euromoney sounds out the state of the industry.


M&A Advisory

Broadcom blow threatens to burst the M&A bubble

Broadcom blow threatens to burst the M&A bubble

By PETER LEE

It has been the busiest first quarter ever for M&A announcements. Deal makers are becoming exuberant amid strong growth synchronized across the developed markets. But rising protectionism in the biggest M&A market of all could yet turn a banner year into one to forget. Should investment bankers fear the new Trump effect?

European bankers eye M&A window

European bankers eye M&A window

By PETER LEE

The right political environment for strategic, cross-border M&A deals within Europe might finally be here. Investment bankers know they need to make the most of it – while it lasts

Debt Capital Markets

Corporate funding faces uncertain future

Corporate funding faces uncertain future

By LOUISE BOWMAN

February’s volatility has shown that the markets may not always be there for the financing that corporates want to do and that the borrowers may not always be there for the financing that the markets want to do. Financing could be about to change – a lot

Fixed Income

Traders hope the end is in sight for moribund debt markets

Traders hope the end is in sight for moribund debt markets

By GRAHAM BIPPART

After a much-needed spike in volatility during the first quarter, FICC bankers reacted with cautious fist-bumps rather than fist-pumps. They hope it will continue, but how quickly this will translate into better revenues and profitability remains to be seen.