M&A feels the credit crunch

In an uncertain market with less access to debt, M&A activity has hit its lowest levels since 2004. So why are advisory firms still hiring M&A bankers?

M&A deal volumes are down significantly in the first quarter 2008. This doesn't come as a surprise to anyone, I am sure, so it should be put in perspective.

Of course, the final volumes for the quarter will not be available for another week, but with the Easter holidays underway, it isn't likely the final figures will change dramatically.

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