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Canada’s big banks “retained their tight grip on the mergers & acquisitions, equity capital markets and debt capital markets business of the country’s larger companies as of mid-year 2014,” according to a Greenwich Associates report.

Read: Use hedge funds to profit from M&A

BMO Capital Markets, CIBC, RBC Capital Markets, and Scotiabank top the investment banking market, with between 58% and 61% of large Canadian firms saying they use these banks for M&A and equity capital markets services.

“Meanwhile, these banks looked to expand their dominant positions in corporate domestic cash management into the international arena by making big investments in cross-border technology platforms and taking aim at the foreign banks that capture a significant share of this growing business.”

Read the report here.

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Originally published on Advisor.ca

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