Goldman deals pass $1tr for 2014

GMT 02:07 2014 Thursday ,11 December

Arab Today, arab today Goldman deals pass $1tr for 2014

Financial professionals sit in the Goldman Sachs booth
New York - AFP

Goldman Sachs, Wall Street's biggest dealmaker, has surpassed $1 trillion in mergers and acquisitions for a single year for the first time since the financial crisis.
The US investment bank passed the closely-watched benchmark for 2014 following transactions this week, according to data Wednesday from Dealogic.
The last time a firm surpassed $1 trillion in a year came in 2007, when Goldman also breached the level.
Goldman's latest big deal was Merck's $9.5 billion takeover of Cubist Pharmaceuticals, unveiled Monday.
Goldman has also worked on the $66 billion purchase of Botox-maker Allergan by Activis and the $48.5 billion acquisition by AT&T of DirecTV.
With 380 deals worth just over $1.0 trillion, Goldman leads the pack in global mergers and acquisitions, according to Dealogic.
JPMorgan Chase ranks second with $741 billion in deals and Morgan Stanley is third with $692 billion in deals. Barclays is the highest ranked non-US firm with $540 billion in deals, the data show
The ranking does not include data for initial public offerings, an area in which Goldman is also active.

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