Want to share news to millions of readers?

Tech 'capitulation': BofA top banker Rick Sherlund predicts breakout in mergers due to troubled economy

CNBC Finance LogoCNBC Finance2w ago

Tech 'capitulation': BofA top banker Rick Sherlund predicts breakout in mergers due to troubled economy - CNBC Finance

Quick Summary:

Top investment banker Rick Sherlund of Bank of America sees a wave of struggling companies putting themselves up for sale at cheaper prices due to the downturn.

Crypto’s bear market is unlike others before it.

His broad analysis comes on the heels of Adobe's $20 billion dollar deal Thursday for design platform Figma.

More Pictures


Article Details

Author / Journalist:

Category: MarketsFinanceInvesting

Topics: Hedge Funds Interest Rates Cnbc Fast Money Recessions and depressions Inflation Source:tagname:CNBC US Source Consumer prices Software Retail Investors Federal Reserve Bank Adobe Inc. Monetary policy Articles Markets Technology Wall Street Investment strategy Economy IPO CNBC TV Mergers and acquisitions Investing Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-16, 14:17:38

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 431 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 474900

View Article Analysis

About CNBC Finance

CNBC Finance Logo

Main Topics: MarketsFinanceInvesting

Official Website:

Update Frequency: 7 posts per week

Year Established: 2005

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #6

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.