Stupid question about M&A activity in Asia
My understanding was that Goldman and UBS are the only two ibanks allowed to do business in China (is this correct?). So how do MS and JPM still have such high M&A volume in Asia (even without Japan)?
Also, does anyone have current/2008 data for M&A activity in Asia?
No, that is definitely not correct. Several years ago, MS earned a huge fees for their advices in many big M&A in China. Now, JPM is the most powerful house there, according to the numbers I have in 2008.
Is JPM gaining ground as far as prestige on GS and MS, or are they still considered second tier?
who cares
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