The financial services industry experienced mixed fortunes in 2007 driven by the sub-prime mortgage situation that forced well-established financial institutions to take large write-offs. That said, US mergers and acquisitions continued unabated across financial services sectors.
In 2007, we witnessed a total of 1,033 transactions (disclosed and non-disclosed), up 4 percent from 993 deals in 2006. There was a noticeable decline in activity in the latter half of 2007, and this trend continued in the first half of 2008.
