Global Finance Deals Drop 26 Percent, Banks ‘Downsizing’: GlobalData ReportsteemCreated with Sketch.

in #blockchain • 7 years ago


As cryptocurrency investment continues to surge, global finance deals declined up to 26 percent this year according to findings from GlobalData.

Overall financial services industry deals fell from 587 in Q4 2016 to 561 in Q1 2017, while private equity deals fell 26 percent.

Similar to the phenomenon underway in Blockchain startups, venture capital was the only sector to grow, reversing the trend with a 23 percent increase in successful deals.

As merger & acquisition deals in the Asia-Pacific region gained momentum, GlobalData Senior Analyst Ravi Sharma commented in a press release: “International banks are downsizing operations, providing an opportunity for local banks to expand their presence to other markets within the region and increase scale.”
Read more: https://cointelegraph.com/news/global-finance-deals-drop-26-percent-banks-downsizing-globaldata-report

#banks #fintech
7 years ago in #blockchain by
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