2010 was a mixed year for global M&A. Hopes for a rebound in the first and second quarters of the year were thwarted by market volatility and the Greek debt crisis. Deals picked up fast over the summer, but cooled again in the fourth quarter.
European financial services M&A has followed a similar path to global deal activity. Deal values reached a high point over the summer but fell back sharply in the fourth quarter, although positive underlying sentiment should bode well for 2011.