Dealers suffer continued M&A woes

Dealogic, the UK capital markets research firm, said volumes in cross-border M&A for the first nine months of this year were down 27% in terms of deal value to $400 billion. The number of deals was down 18% to 5,128 compared with the same period last year -- itself a slow year in M&A.

"The markets have been either in risk aversion or close to risk aversion, stock markets are falling and corporate profits are not picking up so it's not a great environment for M&A business," said one head of fo