According to BusinessInsider in their earnings releases, both Goldman Sachs and Morgan Stanley touted their top position in global mergers and acquisitions. Huh? How can both Goldman Sachs and Morgan Stanley be #1?
Basically, each bank chose a slightly different stat to cite. Here's what they did.
Goldman Sachs: "...continued to rank first in worldwide announced mergers and acquisitions for the calendar year." [emphasis added]
Morgan Stanley: "....Ranked #1 in Global Completed M&A..." [emphasis added]
So that's the difference, announced versus completed M&A. And this isn't the only way bank slice and dice this type of data, it's just the most public….
Read more: http://www.businessinsider.com/banking-recovery-in-full-force-both-goldman-and-morgan-stanley-were-1-in-2011-ma-2012-1
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