Financial Services Deal Insights, March 2008

Table of Contents

• Overview
  • Catalyst
  • Summary
• Analysis
  • The value of public offerings in March was down 68.1% on the six-month average
    • Nevertheless, Visa' s IPO raised $19.65 billion, making the offering a rare success story in the current climate
  • In the investment management space, the liquidity crisis has hit some players hard
    • Bear Sterns became the biggest casualty of the crisis, but JP Morgan' s bailout has calmed investors' jitters, for now
  • M&A activity in emerging markets continues to be the focus in the retail and commercial banking sectors
    • GE Money and Banco Santander' s deals see GE return to its commercial roots, while Santander makes a strong push into consumer finance in Europe
• APPENDIX
  • Definitions
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer
• List of Figures
  • Figure 1: The Fed' s intervention has bolstered the US stock market