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PwC research points to dip in M&A activity

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Financial services M&A activity underwent a “significant slowdown” in the third quarter of the year but is expected to pick up in the early part of 2012, according to research carried out by PwC.

The value of European financial services M&A activity during the third quarter of 2011 was €50bn, 25% lower than the prior quarter's figure of €6.7bn and 76% lower than the comparable figure of €21

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