Diversification can’t save Goldman and Morgan Stanley from the deal drought
Wall Street giants are fighting to grow in new areas, but are struggling to offset a tanking deals market
Latest earnings show the challenges top banks are facing as they race to diversify
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COMMENTARY
David Wighton is a columnist for Financial News
Deals are back, if you believe some of the rather breathless recent press coverage. There has been a flurry of private equity interest in UK companies, including Dechra Pharmaceuticals, The Hut Group, Network International and John Wood Group.
Action further afield has included Glencore’s $23bn...
