Goldman slips to tenth in M&A League

first_img John Dunne Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Goldman Sachs made its worst showing in US deal advisory rankings in more than two decades, sliding to 10th place in the first quarter of this year.While deal rankings can move around dramatically each quarter, it is still embarrassing for Wall Street’s premier bank to have fallen in the pecking order. League tables are closely followed by bankers who compete hard for lucrative assignments advising companies on mergers and acquisitions.Goldman advised on $71bn (£44bn) worth of US deals in the first quarter, far less than JPMorgan Chase & Co’s chart-topping $170bn, and even lower than much smaller banks such as Rothschild, Evercore Partners Inc and Lazard Ltd .It is Goldman’s lowest quarterly ranking since Thomson Reuters began tracking US M&A deals in 1990. The drop mainly reflects the firm’s advisory absence from two mega deals: AT&T Inc’s $39bn deal for T-Mobile USA and the $59bn restructuring of insurer American International Group Inc .“The numbers are an example of the lumpiness of the business, particularly when you get the mega-deals,” said Michael Holland, chairman of New York-based money manager Holland & Co.Goldman Sachs, typically in the top three in these tables, missed out on the T-Mobile USA deal because it was advising Sprint Nextel Corp , a source familiar with the matter previously told Reuters. Sprint also held talks to merge with T-Mobile. Friday 25 March 2011 4:54 am Show Comments ▼center_img whatsapp Goldman slips to tenth in M&A League Tags: NULL whatsapp last_img read more

Read More