Which of the following factors have resulted in a 50% drop in mergers and acquisition deal flow in 2022?

	a.	Higher interest rates make it difficult to obtain financing for merger deals.
	b.	Volatility in the stock market makes it difficult for buyers and sellers to agree on a price.
	c.	The Biden White House has banned mergers and takeover on Wall Street.
	d.	A & B
	e.	A, B & C

Which of the following is not true about global banks based in Europe?

	a.	UBS has increased its commitment to investment banking after loosing $55 billion of its own capital during the 2008 global financial crisis and only surviving because of a secret Federal Reserve credit line to the Swiss National Bank.
	b.	Credit Suisse has faced numerous scandals and huge operating losses in its investment bank.
	c.	Barclays is the UKs only top tier global investment bank
	d.	Banco Santander provides corporate/investment banking services to clients in Spain, Mexico, Brazil, Argentina and Chile.
	e.	Even though HSBC was founded in Asia in 1865, it has failed to join the ranks of one of the worlds leading investment banks.

Which global events had a major impact on HSBCs business model?

	a.	None of the above.
	b.	Brexit
	c.	All of the above
	d.	US/China trade tensions
	e.	Digital transformation in global banking