Citi's Drury Sees Delayed Closings, Longer Gestation for M&A

The video discusses the consolidation within the banking sector, focusing on cross-border M&A and the challenges of identifying synergies. It highlights the impact of trade wars and regulatory hurdles on M&A activities, causing delays and market uncertainty. The video also explores growth segments for Citigroup, the IPO market, and the risks associated with corporate debt. Additionally, it addresses the rise of activism in Europe and its acceptance in mainstream finance.

What is the outlook for IPO activity in Europe based on the text?

What are the risks associated with the leveraged loan market as discussed in the text?

How has activism in Europe changed according to the text?